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- DescriptionWhy are insecure private property rights so ecomically destructive? Why are enforceable contracts so beneficial? How can we best understand the forces of demand and supply in markets for illegal goods and services? Is the market for lawyers so different from other markets? Should we expect the common law to produce ecomically desirable outcomes? Law and Markets analyses and answers these and many other questions, and in the process shows why understanding the role that legal rules and institutions play in modern market ecomies is more important than ever. The book uses standard demand and supply analysis to study a wide range of topics in law and ecomics, including the role of courts, tort law, product liability law, contract law, property rights, criminal law and illegal markets, competition law, corporate law, and the market for lawyers. This book has been written specifically for advanced undergraduates and graduate students in ecomics, and provides a comprehensive guide to the ways in which legal rules can alter ecomic incentives.
- Author BiographyALEX ROBSON Senior Research Fellow at the SMART Infrastructure Facility at the University of Wollongong, Australia. He has previously held appointments at the Australian National University in Canberra, Australia, where he taught courses in law and economics, game theory and social choice, and microeconomics.
- Author(s)Alex Robson
- PublisherPalgrave Macmillan
- Date of Publication02/12/2011
- SubjectLaw: General & Reference
- Place of PublicationBasingstoke
- Country of PublicationUnited Kingdom
- ImprintPalgrave Macmillan
- Content Note97 figures, 11 black & white tables
- Weight600 g
- Width144 mm
- Height224 mm
- Spine27 mm
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