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Economics for Lawyers

By Ippolito, Richard A.

Economics for Lawyers Law

Economics for Lawyers

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Description
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.
Product details
Binding:
Paperback
Number of Pages:
444
Release Date:
2010-07-21
Publication Date:
2010-07-21
Publisher:
Princeton University Press
Languages:
Original: English
ISBN10:
069114656X
ISBN13:
9780691146560
GPSR Manufacturer Reference:
[email protected]
Weight:
670 g
Height:
156 cm
Width:
234 cm
Thickness:
24 cm
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