(Free pdf) Handbook of Law and Economics, Volume 1
• From North Holland •
| #3148650 in Books | 2007-08-12 | Original language:English | PDF # 1 | 9.75 x7.00 x1.25l,3.83 | File Name: 0444512357 | 886 pages
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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 prominen...
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