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Law, economics and Calabresi on the future of law and economics
European Journal of Law and Economics, 2019There exists a distinction between ‘law and economics’ and the ‘economic analysis of law’. The former, corresponding to Coase’s approach, consists in taking legal rules into account insofar as they influence economic activities. The latter, associated to Posner’s name, consists in using economics to analyze legal problems. Methodologically speaking, if
Marciano, A, Ramello, GB
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SSRN Electronic Journal, 2020
This chapter analyzes how law and economics influences private law and how (new) private law is influencing law and economics. It focuses on three generation or “waves” within law and economics and how they approach private law. In the first generation, many scholars took the law as a starting point and attempted to use economic insights to explain ...
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This chapter analyzes how law and economics influences private law and how (new) private law is influencing law and economics. It focuses on three generation or “waves” within law and economics and how they approach private law. In the first generation, many scholars took the law as a starting point and attempted to use economic insights to explain ...
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1987
The economic analysis of law involves three distinct but related enterprises. The first is the use of economics to predict the effects of legal rules. The second is the use of economics to determine what legal rules are economically efficient, in order to recommend what the legal rules ought to be.
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The economic analysis of law involves three distinct but related enterprises. The first is the use of economics to predict the effects of legal rules. The second is the use of economics to determine what legal rules are economically efficient, in order to recommend what the legal rules ought to be.
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The Journal of Law and Economics, 1992
W HEN Aaron Director and Edward Levi launched the Journal of Law and Economics in 1958, Director suggested the title Law or Economics. This alternative title certainly described the world more accurately at that time: the traditional attitude of each discipline toward the other had been one of indifference.
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W HEN Aaron Director and Edward Levi launched the Journal of Law and Economics in 1958, Director suggested the title Law or Economics. This alternative title certainly described the world more accurately at that time: the traditional attitude of each discipline toward the other had been one of indifference.
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2001
This authoritative and encyclopaedic reference work provides a thorough account of the public choice approach to economics and politics. The Companion breaks new ground by joining together the most important issues in the field in a single comprehensive volume.
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This authoritative and encyclopaedic reference work provides a thorough account of the public choice approach to economics and politics. The Companion breaks new ground by joining together the most important issues in the field in a single comprehensive volume.
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Economic Analysis of Law [PDF]
SSRN Electronic Journal, 1999 This entry for the forthcoming The New Palgrave Dictionary of Economics (Second Edition) surveys the economic analysis of five primary fields of law: property law; liability for accidents; contract law; litigation; and public enforcement and criminal law. It also briefly considers some criticisms of the economic analysis of law.
Louis Kaplow +3 more
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Administrative law and economics
2005deuxième édition révisée et ...
Josselin, Jean-Michel, Marciano, Alain
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Quality & Quantity, 2011
Some of Law and Economics' pivotal claims have come to be criticized as a result of empirical findings that question their viability. Particularly, the premise that agents consistently act rationally and with their self-interest in mind seems problematic.
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Some of Law and Economics' pivotal claims have come to be criticized as a result of empirical findings that question their viability. Particularly, the premise that agents consistently act rationally and with their self-interest in mind seems problematic.
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Law and Economics versus Economic Analysis of Law
SSRN Electronic Journal, 2011This paper distinguishes law and economics – conceived as an equal partnership between two disciplines – and economic analysis of law, conceived as the application of economic reasoning to legal rules and institutions. I explore the difference by contrasting Robert Aumann’s economic analysis of a text from the Talmud with an analysis of the same text ...
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The future of law and economics
Science Communication, 1998Several developments are likely to have significant impact on scholarship in the field of law and economics in the future. These include, first, creation of a richer base of empirical work; second, development of theories in human decisionmaking which surpass the explanatory value of the rational choice model; and third, incorporation of equitable ...
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