The field of law and economics has matured to a point where scholars employ economic methods to understand the nature of legal rules and guide legal reform. Thi

By providing readers with a noncritical description of the broad contours of each school of thought, Mercuro and Medema convey a strong sense of the important e

Provides students with a method for applying economic analysis to the study of legal rules and institutions. Four key areas of law are covered: property; contra

In Law, Economics, and Conflict, Kaushik Basu and Robert C. Hockett bring together international experts to offer new perspectives on how to take analytic tools

What effects do laws have? Do individuals drive more cautiously, clear ice from sidewalks more diligently, and commit fewer crimes because of the threat of lega