[PDF.76yj] Handbook of Law and Economics, Volume 1

Handbook of Law and Economics, Volume 1

[PDF.ya63] Handbook of Law and Economics, Volume 1

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 | #3175752 in Books |  2007-08-12 | Original language:English | PDF # 1 |  9.75 x7.00 x1.25l,3.83 | File type: PDF | 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 prominent...

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