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Full-Text Articles in Law
False Efficiency And Missed Opportunities In Law And Economics, Shawn J. Bayern
False Efficiency And Missed Opportunities In Law And Economics, Shawn J. Bayern
Scholarly Publications
This Article points out a simple flaw common to many law-and-economics analyses, ranging from fundamental models like the Hand Formula to narrower arguments like those that oppose the doctrine of unconscionability.
The flaw is straightforward: economic analyses of law often assume, either implicitly or explicitly that when it is more efficient for an activity to occur than for it not to occur it is efficient for legal rules to encourage the activity. Even on grounds of efficiency alone, however, knowing in isolation whether an activity produces more wealth than its absence is insufficient to conclude that the activity is efficient. …
Economics, Public Choice, And The Perennial Conflict Of Laws, Erin O'Hara O'Connor
Economics, Public Choice, And The Perennial Conflict Of Laws, Erin O'Hara O'Connor
Scholarly Publications
No abstract provided.
Towards A Bargaining Theory Of The Firm, Manuel A. Utset
Towards A Bargaining Theory Of The Firm, Manuel A. Utset
Scholarly Publications
No abstract provided.