Foundations of Economic Analysis of Law
Preface xix
1. Introduction 1
I. PROPERTY LAW 7
2. Definition, Justification, and Emergence
of Property Rights 9
3. Division of Property Rights 27
4. Acquisition and Transfer of Property 33
5. Conflict and Cooperation in the Use of Property:
The Problem of Externalities 77
6. Public Property 110
7. Property Rights in Information 137
II. ACCIDENT LAW 175
8. Liability and Deterrence: Basic Theory 177
9. Liability and Deterrence: Firms 207
10. Extensions of the Analysis of Deterrence 224
11. Liability, Risk-Bearing, and Insurance 257
12. Liability and Administrative Costs 280
III. CONTRACT LAW 289
13. Overview of Contracts 291
14. Contract Formation 325
15. Production Contracts 338
16. Other Types of Contract 368
IV. LITIGATION AND THE LEGAL PROCESS 387
17. Basic Theory of Litigation 389
18. Extensions of the Basic Theory 419
19. General Topics on the Legal Process 444
V. PUBLIC LAW ENFORCEMENT
AND CRIMINAL LAW 471
20. Deterrence with Monetary Sanctions 473
21. Deterrence with Nonmonetary Sanctions 492
22. Extensions of the Theory of Deterrence 515
23. Incapacitation, Rehabilitation, and Retribution 531
24. Criminal Law 540
VI. GENERAL STRUCTURE OF THE LAW 569
25. The General Structure of the Law
and Its Optimality 571
VII. WELFARE ECONOMICS, MORALITY,
AND THE LAW 593
26. Welfare Economics and Morality 595
27. Implications for the Analysis of Law 613
28. Income Distributional Equity and the Law 647
29. Concluding Observations 661
References 675
Author Index 721
Subject Index 733