Whether dealing with contracts, tort actions, or government regulations, lawyers are more likely to be successful if they are conversant in economics. Economics for Lawyers provides the essential tools to understand the economic basis of law. Through rigorous analysis illustrated with simple graphs and a wide range of legal examples, Richard Ippolito focuses on a few key concepts and shows how they play out in numerous applications. There are everyday problems: What is the social cost of legislation enforcing below-market prices, minimum wages, milk regulation, and noncompetitive pricing? Why are matinee movies cheaper than nighttime showings? And then there are broader questions: What is the patent system's role in the market for intellectual property rights? How does one think about externalities like airport noise? Is the free market, a regulated solution, or tort law the best way to deliver the "efficient amount of harm" in the workplace? What is the best approach to the question of economic compensation due to a person falsely imprisoned?
Along the way, readers learn what economists mean when they talk about sorting, signaling, reputational assets, lemons markets, moral hazard, and adverse selection. They will learn a new vocabulary and a whole new way of thinking about the world they live in, and will be more productive in their professions.
- 456 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
eBook - ePub
Economics for Lawyers
About this book
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Information
Publisher
Princeton University PressYear
2012Print ISBN
9780691146560
9780691121772
eBook ISBN
9781400829224
Table of contents
- Cover
- Half title
- Title
- Copyright
- Contents
- Introduction
- Chapter 1: Finding the Optimal Use of a Limited Income
- Chapter 2: Demand Curves and Consumer Surplus
- Chapter 3: Supply Curves and the Flow of Resources
- Chapter 4: Using Demand and Supply Curves to Evaluate Policy
- Chapter 5: The Economics of Monopoly
- Chapter 6: Public Goods and Common Resources
- Chapter 7: Externalities
- Chapter 8: Pollution in the Workplace: Contract or Externality?
- Chapter 9: Lemons Markets and Adverse Selection
- Chapter 10: Sorting as a Solution to Asymmetric Information
- Chapter 11: Moral Hazard and Agency Problems
- Chapter 12: Game Theory and Related Issues
- Index
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Yes, you can access Economics for Lawyers by Richard A. Ippolito in PDF and/or ePUB format, as well as other popular books in Law & Economic Theory. We have over 1.5 million books available in our catalogue for you to explore.