Economics of the Law: Torts, Contracts, Property, and Litigation

Author: Thomas J. Miceli
Published: November 1996
Publisher: Oxford University Press
ISBN: 0195103904
Hardcover Book
Number of Pages: 256

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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 suggest how these rules could be reformed. This book is the first to provide a broad survey of this scholarship as it has been applied to problems in tort law, contract law, property law, and litigation. Because of its broad coverage, the book will serve as a convenient reference guide for researchers in the field, a rigorous introduction for economists interested in learning about law and economics, and a useful teaching tool for graduate and advanced undergraduate law and economics courses.

Table of Contents
1 Introduction 3
2 The Economics of Tort Law: The Basic Model 15
3 The Economics of Tort Law: Extensions 39
4 The Economics of Contract Law: Remedies for Breach 71
5 The Economics of Contract Law: Mistake, Impossibility, and Other Doctrines 92
6 The Economics of Property Law 115
7 Government Taking and Regulation of Private Property 137
8 The Economics of Litigation and Settlement 156
9 The Economics of Frivolous Litigation 181
Notes 201
References 220
Index 231

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