eBook - ePub

Economics for Lawyers

Name: Economics for Lawyers
ISBN: 9781400829224

Richard A. Ippolito,

456 pages
English
ePUB (mobile friendly)
Available on iOS & Android

eBook - ePub

Economics for Lawyers

Richard A. Ippolito,

About this book

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.

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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 one million books available in our catalogue for you to explore.