Handbook of Law and Economics : Volume 2 Hardback
Edited by A. Mitchell. Polinsky, Steven Shavell
Part of the Handbook of Law and Economics series
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.
This two volume Handbook is intended to foster the study of the legal system by economists.
- Format: Hardback
- Pages: 980 pages
- Publisher: Elsevier Science & Technology
- Publication Date: 01/10/2007
- Category: Economics
- ISBN: 9780444531209