This collection brings together the key papers in the area of efficiency in law and economics. Alongside an original introduction, the collection covers the applications of economic efficiency to law and the limitations and morality of efficiency. This important book will appeal to anyone interested in the underlying welfare theory relating to the use of economics in law, examining both the history and impact of the theory, as well as its deficiencies.
The recommended readings are available in the print version, or may be available via the link to your library's holdings.
Formatted Contents Note
Recommended readings (Machine generated): Adler, Matthew and Eric Posner (1999), 'Rethinking Cost-Benefit Analysis', Yale Law Journal, 109, 165-247 Allen, Douglas (1991), 'What Are Transactions Costs', in Richard O. Zerbe and Victor P. Goldberg (eds.), Research in Law and Economics, Greenwich, CT: JAI Press Arrow, Kenneth and Gerald Debreu (1954), 'Existence of General Equilibrium in a Competitive Economy', Econometrica, 22 (3), 265-90 Baker, Edwin (1980), 'Starting Points in the Economic Analysis of Law', Hofstra Review, 8, 939 Boadway, Robin and Neil Bruce (1984), Welfare Economics, New York: Basil Blackwell Calabresi, Guido (1968), 'Transaction Costs, Resource Allocation and Liability Rules - A Comment', Journal of Law and Economics, 11 (1), 67-73 Chipman, J.S. and J.C. Moore (1978), 'The New Welfare Economics 1939-1974', International Economic Review, 19 (3), 547-84 Coleman, J. (1980), 'Efficiency, Utility and Wealth Maximization', Hofstra Law Review, 8 (3), 509-51 Cooter, Robert D. (1987), 'Liberty, Efficiency, and Law', Law and Contemporary Problems, 50 (4), Autumn, 141-63 Depoorter, Ben and Francesco Parisi (2002), 'Fair Use and Copyright Protection: A Price Theory Explanation', Review of Law and Economics, 21 (4), 453-73 Dworkin, Ronald (1980), 'Is Wealth a Value?', Journal of Legal Studies, 9 (2), 191-226 Edgeworth, Francis Y. (1881), Mathematical Psychics: An Essay on the Application of Mathematics to the Moral Sciences, London: C. Kegan Paul & Co Eliot, George (1860), The Mill on the Floss, London: William Blackwood Fogel , RobertWilliam and Stanley L. Engerman (1974), Time on the Cross: Evidence and Methods - A Supplement, Boston: Little, Brown and Company Fuller, Lon (1969), The Morality of the Law, New Haven, CT: Yale University Press Goulder, Lawrence H. and Robertson C. Williams III (2003), 'The Substantial Bias from Ignoring General Equilibrium Effects in Estimating Excess Burden, and a Practical Solution', Journal of Political Economy, 111 (4), 898-927 Heyne, Paul (1988), 'The Foundations of Law and Economics', in Richard O. Zerbe (ed.), Research in Law and Economics, Greenwich, CT: JAI Press, 11, 53-71 Hicks, J.R. (1939), 'The Foundations of Welfare Economics', Economic Journal, 49, 696-712 Just, R., A. Schmitz and R. Zerbe (2012), 'Scitovsky Reversals and Practical Benefit-Cost Analysis', Journal of Benefit-Cost Analysis, 3 (2). Just, R., A. Schmitz and R. Zerbe (2013), 'Scitovsky Reversals in Benefit-Cost Analysis with Normal Goods', Journal of Benefit-Cost Analysis (forthcoming) Kaldor, Nicholas (1939), 'Welfare Propositions of Economics and Interpersonal Comparisons of Utility', Economic Journal, 49, 549-52 Klein, Benjamin and Lester F. Saft (1985), 'The Law and Economics of Franchise Tying Contracts', Journal of Law and Economics, 28 (2), 345-61 Kripke, Homer (1985), 'Law and Economics: Measuring the Economics of Efficiency of Commercial Law in a Vacuum of Fact', University of Pennsylvania Law Review, 133 (5), 929-85 Margolis, Stephen E. (1987), 'Two Definitions of Efficiency in Law and Economics', Journal of Legal Studies, 16 (2), June, 471-82 Markovits, R.S. (2008), Truth or Economics: On the Definition, Prediction, and Relevance of Economic Efficiency, New Haven, CT: Yale University Press Mattei, Ugo and Roberto Pardolesi (1991), 'Law and Economics in Civil Law Countries: A Comparative Approach', International Review of Law and Economics, 11, 265-75 Meeks, Thomas J. (1990), 'The Economics Efficiency and Equity of Abortion', Economics and Philosophy, 6, 95 Milgrom, Paul (1993), 'Is Sympathy an Economic Value?: Philosophy, Economics and the Contingent Valuation Method', in J. Hausman (ed.), Contingent Valuation: A Critical Assessment, Amsterdam: North Holland Mishan, Ezra J. (1981), Introduction to Normative Economics, New York: Oxford University Press Pareto, Vilfredo (1896), Cours D'Economie Politique, Vol. II, Lausanne: F. Rouge Posner, Richard A. (1979), 'Utilitarianism, Economics, and Legal Theory', Journal of Legal Studies, 9, 227 Posner, Richard A. (1980), 'The Ethical and Political Basis of the Efficiency Norm in Common Law Adjudication', Hofstra Law Review, 8, 501 Randall, Alan (1972), 'Market Solutions to Externality Problems: Theory and Practice', American Journal of Agricultural Economics, 54 (2), 175-83 Richardson, Jeff and John McKie (2005), 'Empiricism, Ethics and Orthodox Economic Theory: What is the Appropriate Basis for Decision-Making in the Health Sector?', Social Science and Medicine, 60 (2), 265-75 Rizzo, Mario J. (1980a), 'Law Amid Flux: The Economics of Negligence and Strict Tort Liability', Journal of Legal Studies, 9 (2), 291-318 Robbins, Lionel (1938), 'Interpersonal Comparisons of Utility: A Comment', Economic Journal, 48, 635 Sag, Matthew J. (2006), 'Beyond Abstraction: The Law and Economics of Copyright Scope and Doctrinal Efficiency', Tulane Law Review, 81 (1), 187-250 Samuelson, Paul (1950), 'Evaluation of Real National Income', Oxford Economic Papers, 2 (1), 1-29. Schmitz, Andrew and David Seckler (1970), 'Mechanized Agriculture and Social Welfare: The Case of the Tomato Harvester', American Journal of Agricultural Economics, 52, 569-77 Schmitz, Andrew and Richard O. Zerbe (2009), 'The Relevance of the Scitovsky Principle for Benefit-Cost Analysis', Journal of Agricultural and Food Industrial Organization, 6 (2), article 3, available at: http://www.degruyter.com/view/j/jafio.2008.6.2/issue-files/jafio.2008.6.issue-2.xml Scitovsky, Tibor (1941), 'A Note on Welfare Propositions in Economics', Review of Economics Studies, 9, 77-88 Zerbe, Richard O. (2001), Economic Efficiency in Law and Economics, Cheltenham, UK and Northampton, MA: Edward Elgar Publishing Ltd Zerbe, Richard O. (2002), 'Is There Cultural Progress?', in Leigh Anderson (ed.), The Progress Project: Progress and Public Policy?, Lexington, MA: Lexington Press, pp. 191-217 Zerbe, Richard O. and Howard McCurdy (1999), 'The Failure of Market Failure', Journal of Policy Analysis and Management, 18 (4), 558-78 Zerbe, Richard O. and Howard McCurdy (2000), 'The End of Market Failure', Regulation, 23 (2), 10-15 Zerbe, Richard O. and Sunny Knott (2004), 'An Economic Justification for a Price Standard in Merger Policy: The Merger of Superior Propane and ICG Propane', Research in Law and Economics, 21, 409-44 Zerbe, Richard O. and Tyler Scott (2014), '(Almost) Everyone Wins': A True Pareto Justification for Practical Welfare Economics and Benefit-Cost Analysis, Working Paper, The Evans School, University of Washington Zerbe, Richard O., Yoram Bauman and Aaron Finkle (2006), 'An Aggregrate Measure for Benefit-Cost Analysis', Ecological Economics, 58, 449-61 Zywicki, Todd J. and Edward Peter Stringham (2011), 'Common Law and Economic Efficiency', in Francesco Parisi (ed.), Production of Legal Rules, Chapter 7, Cheltenham, UK and Northampton, MA: Edward Elgar Publishing Ltd Arnold C. Harberger (1971), 'Three Basic Postulates for Applied Welfare Economics: An Interpretive Essay', Journal of Economic Literature, 9 (3), September, 785-97 Steven Shavell (1981), 'A Note on Efficiency vs. Distributional Equity in Legal Rulemaking: Should Distributional Equity Matter Given Optimal Income Taxation?', American Economic Review, 71 (2), May, 414-18 Louis Kaplow and Steven Shavell (1994), 'Why the Legal System is Less Efficient than the Income Tax in Redistributing Income', Journal of Legal Studies, XXIII (2), June, 667-81 Jonathan R. Macey and Maureen O'Hara (1999), 'Regulating Exchanges and Alternative Trading Systems: A Law and Economics Perspective', Journal of Legal Studies, XXVIII (1), January, 17-54 Ugo Mattei (1994), 'Efficiency in Legal Transplants: An Essay in Comparative Law and Economics', International Review of Law and Economics, 14 (1), March, 3-19 Alan Schwartz and Joel Watson (2004), 'The Law and Economics of Costly Contracting', Journal of Law, Economics, and Organization, 20 (1), April, 2-31 Robert D. Cooter (1987), 'Liberty, Efficiency, and Law', Law and Contemporary Problems, 50 (4), Autumn, 141-63 Homer Kripke (1985), 'Law and Economics: Measuring the Economic Efficiency of Commercial Law in a Vacuum of Fact', University of Pennsylvania Law Review, 133 (5), June, 929-85. Mario J. Rizzo (1980), 'The Mirage of Efficiency', Hofstra Law Review, 8 (3), Spring, 641-58 Richard A. Posner (1979), 'Utilitarianism, Economics, and Legal Theory', Journal of Legal Studies, 8 (1), January, 103-40 Anthony T. Kronman (1980), 'Wealth Maximization as a Normative Principle', Journal of Legal Studies, 9 (2), March, 227-42 Richard A. Posner (1985), 'Wealth Maximization Revisited', Notre Dame Journal of Law, Ethics and Public Policy, 2 (1), Fall, 85-105 Richard O. Zerbe, Jr. (2007), 'The Legal Foundation of Cost- Benefit Analysis', Charleston Law Review, 2 (1), Fall, 93-184 Mark D. White (2006), 'A Kantian Critique of Neoclassical Law and Economics', Review of Political Economy, 18 (2), April, 235-52 Russell Hardin (1992), 'The Morality of Law and Economics', Law and Philosophy, 11 (4), December, 331-84 Richard O. Zerbe, Jr. (2006), 'Justice and the Evolution of the Common Law', Journal of Law, Economics and Policy, 3 (1), 81-122 John Rawls (1958), 'Justice as Fairness', Philosophical Review, 67 (2), April, 164-94 Amartya Sen (1993), 'Capability and Well-Being', in Martha Nussbaum and Amartya Sen (eds), The Quality of Life, New York, NY: Oxford University Press, 30-53 Guido Calabresi (1991), 'The Pointlessness of Pareto: Carrying Coase Further', Yale Law Journal, 100 (5), March, 1211-37 Jonathan Klick and Francesco Parisi (2004), 'Wealth, Utility, and the Human Dimension', NYU Journal of Law and Liberty, 1 (1), 590-608 Richard O. Zerbe, Jr. (1998), 'An Integration of Equity and Efficiency', Washington Law Review, 73 (2), April, 349-61.
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Description based on online resource; title from title screen (viewed January 14, 2015).