9781498549080 hardcover ; alkaline paper 149854908X hardcover ; alkaline paper
Bibliography, etc. Note
Includes bibliographical references and index.
Formatted Contents Note
Pareto efficiency and Kaldor-Hicks criterion compared Rational economic behavior and logic defined Judicial use of economic rationality (efficiency) Equal protection and lexical constraints on efficiency Legal rationality and logic defined When are law and economics consistent (isomorphic)? Prisoners' dilemma and introduction to game theory Market and government failures as prisoners' dilemmas Five requirements for competitive markets In the long run we are all dead Rottenberg's theorem: effect of a change in property rights on free markets Coase's theorems: property rights, liability rules, and mutually interfering activities Calabresi's criteria for allocating accident costs common to several activities Posner's economic analysis of the common law Risk, insurance, judge hand test, and value of a statistical life Incomplete information: adverse selection, moral hazard, and principal-agent problem Game theoretic framework for law and economics of civil obligation Torts: negligence and products liability Strict rules, competitive market contract model Discretionary standards, imperfect competition contract model Decision theory, suit, and settlement.
K487.E3 C57 2018
Available in Other Form
Online version: Cirace, John. Law, economics, and game theory. Lanham : Lexington Books, 2018
Lanham, Maryland : Lexington Books,