TY  - BOOK
AU  - Madjd-Sadjadi,Zagros
TI  - The economics of civil and common law
T2  - Economics collection,
SN  - 9781606495858
AV  - K487.E3 M234 2016
U1  - 340.11 23
PY  - 2016///
CY  - New York, New York (222 East 46th Street, New York, NY 10017)
PB  - Business Expert Press
KW  - Law and economics
KW  - Law
KW  - Economic aspects
KW  - adverse selection
KW  - antitrust law
KW  - civil law
KW  - climate change
KW  - Coase theorem
KW  - common law
KW  - contracts
KW  - corporate personhood
KW  - deadweight loss
KW  - discrimination
KW  - externalities
KW  - family law
KW  - free trade
KW  - information asymmetry
KW  - Laffer curve
KW  - moral hazard
KW  - patents
KW  - Pigouvian tax
KW  - precedent
KW  - price discrimination
KW  - principal-agent program
KW  - property rights
KW  - Supreme Court decisions
KW  - tax incidence
KW  - Theory of the Firm
KW  - torts
KW  - transaction costs
KW  - unconscionability
KW  - Electronic books
N1  - Includes bibliographical references (pages 187-194) and index; 1. The interaction of law and economics -- 2. Property rights -- 3. Contracts -- 4. Torts -- 5. Organization of the firm and competition law -- 6. Other laws -- Glossary -- Notes -- References -- Index; Access restricted to authorized users and institutions
N2  - Law is supposed to encourage innovation, morality, and conformity with societal expectations, yet it may provide perverse incentives causing individuals, or even the State, to act in discordant, inefficient, and even immoral ways. It will explore the inefficiencies that are created that serve to deny individuals work and shelter in a haphazard and capricious manner. It will examine property rights, including eminent domain that lets the State take property away with seemingly arbitrary compensation to the owner. Individuals must understand both civil law, codified by statutes, and common law, enshrined in precedential judicial decisions, and why the common law tends to better reduce transactions costs and thus avoid courts entirely. This book is written for economists and noneconomists and has an extensive glossary of economic, political, and legal terms. Two items that are not formally treated in other economics of law textbooks are the legal organization of businesses and tax law from an economics perspective
UR  - https://ebookcentral.proquest.com/lib/aitie/detail.action?docID=4388928
ER  -