Law can be viewed as a body of rules and legal sanctions that channel behavior in socially desirable directions — for example, by encouraging individuals to take proper precautions to prevent accidents or by discouraging competitors from colluding to raise prices.
The incentives created by the legal system are thus a natural subject of study by economists.
Moreover, given the importance of law to the welfare of societies, the economic analysis of law merits prominent treatment as a subdiscipline of economics.
This two volume Handbook is intended to foster the study of the legal system by economists.
Recenzii
Nicio recenzie găsită.