03698nam 2200865 450 991046052880332120200520144314.01-60649-585-2(CKB)3710000000514052(OCoLC)930869156(CaBNVSL)swl00405847(MiAaPQ)EBC4388928(Au-PeEL)EBL4388928(CaPaEBR)ebr11152343(CaONFJC)MIL852613(OCoLC)928989466(EXLCZ)99371000000051405220151130d2016 fy 0engurcnu||||||||rdacontentrdamediardacarrierThe economics of civil and common law /Zagros Madjd-SadjadiFirst edition.New York, New York (222 East 46th Street, New York, NY 10017) :Business Expert Press,2016.1 online resource (viii, 199 pages)Economics collection,2163-76281-60649-584-4 Includes bibliographical references (pages 187-194) and index.1. The interaction of law and economics -- 2. Property rights -- 3. Contracts -- 4. Torts -- 5. Organization of the firm and competition law -- 6. Other laws -- Glossary -- Notes -- References -- Index.Law is supposed to encourage innovation, morality, and conformity with societal expectations, yet it may provide perverse incentives causing individuals, or even the State, to act in discordant, inefficient, and even immoral ways. It will explore the inefficiencies that are created that serve to deny individuals work and shelter in a haphazard and capricious manner. It will examine property rights, including eminent domain that lets the State take property away with seemingly arbitrary compensation to the owner. Individuals must understand both civil law, codified by statutes, and common law, enshrined in precedential judicial decisions, and why the common law tends to better reduce transactions costs and thus avoid courts entirely. This book is written for economists and noneconomists and has an extensive glossary of economic, political, and legal terms. Two items that are not formally treated in other economics of law textbooks are the legal organization of businesses and tax law from an economics perspective.Economics collection.2163-7628Law and economicsLawEconomic aspectsElectronic books.adverse selectionantitrust lawcivil lawclimate changeCoase theoremcommon lawcontractscorporate personhooddeadweight lossdiscriminationexternalitiesfamily lawfree tradeinformation asymmetryLaffer curvemoral hazardpatentsPigouvian taxprecedentprice discriminationprincipal-agent programproperty rightsSupreme Court decisionstax incidenceTheory of the Firmtortstransaction costsunconscionabilityLaw and economics.LawEconomic aspects.340.11Madjd-Sadjadi Zagros1968-,908293MiAaPQMiAaPQMiAaPQBOOK9910460528803321The economics of civil and common law2031454UNINA