Introduction -- Efficiency and equity -- The coase theorem -- First application : nuisance law -- Second application : breach of contract -- Third application : automobile accidents -- Risk bearing and insurance -- Fourth application : breach of contract again -- Fifth application : automobile...

"From a historical perspective, 'law and economics' was one of the most influential developments in legal scholarship in the twentieth century; it remains today one of the dominant perspectives on the law, generating a tremendous quantity of new research and discussion. Unfortunately, the...