Handbook of Law and Economics: Volume 1 (Hardcover) (ISBN-13: 9780444512352)

Law can be viewed as a body of rules and legal sanctions that channel behavior in socially desirable directions -- for example, by encouraging individuals to take proper precautions to prevent accidents or by discouraging competitors from colluding to raise prices. The incentives created by the legal system are thus a natural subject of study by economists. Moreover, given the importance of law to the welfare of societies, the economic analysis of law merits prominent treatment as a subdiscipline of economics. Our hope is that this two volume Handbook will foster the study of the legal system by economists.

Author: A. Mitchell Polinsky
ISBN-10: 0444512357
ISBN-13: 9780444512352
Publisher: North-Holland
Language: English
Published: 10/01/2007
Pages: 886
Format: Hardcover
Weight: 3.83lbs
Size: 9.57h x 6.94w x 1.60d