Edited by
A. Mitchell Polinsky, Stanford University, CA, U.S.A.
Steven Shavell, Harvard University, Cambridge, MA, U.S.A.
Description
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. Our hope is that this two volume
Handbook will foster the study of the legal system by economists.
Included in series
Handbooks in Economics
Audience:
Advanced graduate students, researchers and professionals interested in Economics, Law and their interaction.
