Chapters in this book

1. Frontmatter i
2. Contents vii
3. Tables and Figures xvii
4. Preface xxi
5. Acknowledgments xxvii
6. Chapter 1. Introductory Concepts
7. 1. What Is Law and Economics? 1
8. 2. Efficiency Concepts 4
9. 3. The Coase Theorem 7
10. 4. The Law in “Law and Economics” 10
11. 5. Conclusion 12
12. Discussion Questions 13
13. Problems 13
14. Chapter 2. An Economic Model of Tort Law
15. 1. What Is a Tort? 15
16. 2. An Economic Model of Accidents: The Model of Precaution 18
17. 3. Extensions of the Basic Accident Model 37
18. 4. Conclusion 54
19. Discussion Questions 55
20. Problems 56
21. Chapter 3. Applying the Economic Model of Tort Law
22. 1. Products Liability 58
23. 2. Workplace Accidents 73
24. 3. Liability for Environmental Damages 76
25. 4. Medical Malpractice 83
26. 5. Conclusion 86
27. Discussion Questions 86
28. Problems 87
29. Chapter 4. The Economics of Contract Law I: The Elements of a Valid Contract
30. 1. Contracts and Efficient Exchange 89
31. 2. The Elements of a Valid Contract 92
32. 3. Reasons for Invalidating Contracts 94
33. 4. Conclusion 107
34. Discussion Questions 108
35. Problems 109
36. Chapter 5. The Economics of Contract Law II : Remedies for Breach
37. 1. The Efficient Breach Model 112
38. 2. Specific Performance 128
39. 3. Self-Enforcing Contracts 133
40. 4. Conclusion 141
41. Discussion Questions 142
42. Problems 143
43. Chapter 6. The Economics of Property Law I: Property Rights and Consensual Exchange
44. 1. The Nature and Function of Property Rights 147
45. 2. Consensual Transfers of Property 154
46. 3. Limited and Divided Ownership 161
47. 4. Intellectual Property 169
48. 5. Conclusion 176
49. Discussion Questions 176
50. Problems 177
51. Chapter 7. The Economics of Property Law II : Involuntary Transfers and Regulation of Property
52. 1. The Control of Externalities 180
53. 2. Involuntary Transfers and Restrictions on Transfers Between Private Parties 200
54. 3. Government Acquisition and Regulation of Property Under Eminent Domain 205
55. 4. Markets Versus Law: The General Transaction Structure 229
56. 5. Conclusion 233
57. Discussion Questions 234
58. Problems 235
59. Chapter 8. The Economics of Crime and Law Enforcement
60. 1. Distinguishing Crimes and Torts 239
61. 2. The Economic Model of Crime 244
62. 3. Empirical Evidence on the Economic Model of Crime 260
63. 4. Extensions of the Basic Model 262
64. 5. Conclusion 274
65. Discussion Questions 275
66. Problems 276
67. Chapter 9. The Economics of Legal Procedure
68. 1. Civil Procedure 279
69. 2. The Lawmaking Function of Trials 304
70. 3. Criminal Procedure 319
71. 4. Conclusion 331
72. Discussion Questions 331
73. Problems 332
74. Chapter 10. The Economics of Antitrust Law
75. 1. Perfect Competition Versus Monopoly 336
76. 2. Antitrust Law 341
77. 3. The “New” Antitrust Law and Economics 346
78. 4. Natural Monopoly 352
79. 5. Conclusion 354
80. Discussion Questions 354
81. Problems 355
82. Answers to In-Chapter Exercises 359
83. Notes 367
84. Works Cited 383
85. Index 407