Preface | p. ix |
Introduction | p. 1 |
Economic Fundamentals - Rationality and Efficiency | |
Rational Behavior, Preferences, and Prices | p. 7 |
Pareto Optimality Versus Utilitarianism | p. 13 |
Cost-Benefit Analysis | p. 21 |
Transaction Costs and the Coasean Revolution | |
Transaction Costs | p. 33 |
Fencing In and Fencing Out | p. 41 |
Coase versus Pigou | p. 49 |
Cost-Benefit Analysis and the Law - Developing Economic Intuition | |
How to Think Like an Economist: Drunk Drivers, Hawks, and Baseballs | p. 59 |
Smoking Regulations: Market Solutions to High-Transaction-Cost Situations | p. 69 |
Rules of Thumb: Sports and Driving Rules | p. 75 |
Rights | |
The Protection of Entitlements: Why One Method Is Chosen Over Another | p. 91 |
Property Rights or Communal Rights in Knowledge? | p. 103 |
Liability for Harm or Restitution for Benefit? | p. 113 |
The Takings Clause: Should There Be Compensation for Regulation? | p. 121 |
Torts and Crimes: Liability Rules and Punishments | |
Cost Minimization and Liability Rules | p. 131 |
Negligence Rules | p. 141 |
Crime and Criminal Law | p. 153 |
The Role of Sequence | |
Mitigation of Damages and Last Clear Chance | p. 167 |
The Good Samaritan Rule | p. 175 |
The Role of Being First in Allocating Rights: Coming to the Nuisance | p. 181 |
Contracts and Breach of Contract | |
Default Rules and Breach of Contract | p. 193 |
When Is a Handshake a Contract and When Is a "Contract" Not a Contract? | p. 207 |
Marriage as Contract: Family Law | p. 217 |
Harms Arising Between Contracting Parties | |
Exploding Coca-Cola Bottles | p. 231 |
The Role of Asymmetric Information | p. 239 |
Consumers and Producers Cause Damage: Lawnmowers | p. 247 |
Insurance and the Law | |
The Market for Insurance | p. 257 |
Royalties for Artists and Insurance for Investors | p. 269 |
Automobile Insurance | p. 277 |
Bankruptcy | p. 283 |
Deposit Insurance and Banking Crises | p. 295 |
Governance and Organization | |
The Governance of Organization | p. 305 |
Corporate Law and Agency Problems | p. 313 |
Insider Trading | p. 323 |
Organizational Response to Opportunism: McDonald's, the Mafia, and Mutual of Omaha | p. 331 |
The Organization of Legislatures | p. 341 |
Federalism | p. 349 |
The Internal Organization of the Family | p. 357 |
Bargaining in the Shadow of a Trial | |
Settlement or Trial? | p. 367 |
Index of Authors | p. 379 |
Index | p. 381 |
Case Index | p. 390 |
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