Description
Over the past two decades, the field of law and economics has matured to the point where scholars have employed the latest economic methods in an effort to understand the nature of legal rules and to guide legal reform. This book is the first to provide a broad survey of this scholarship as it has been applied to problems in torts, contracts, property, and litigation. It will therefore serve as a convenient reference guide to this exciting field. Review: ...a fine example of what is best in the economists' approach to law: succinctness and clarity of style; precision in argument and (suitable) caution in the conclusions drawn. Miceli adops a formal approach, using a mathematical model for each are of analysis. - Anthony Ogus.
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