Law and Economics

  1. The Economics of Criminal Law
    1. Economic Theory of Crime
      1. Rational Criminal Model
        1. Cost-Benefit Analysis of Crime
          1. Expected Utility Framework
          2. Supply of Offenses
            1. Factors Influencing Criminal Activity
              1. Economic Conditions
                1. Opportunity Costs
              2. Optimal Deterrence
                1. Probability of Apprehension
                  1. Detection Mechanisms
                    1. Enforcement Resources
                    2. Severity of Punishment
                      1. Marginal Deterrence
                        1. Diminishing Returns
                        2. Fines vs. Imprisonment
                          1. Cost-Effectiveness
                            1. Social Impact
                              1. Administrative Costs
                            2. Economics of Punishment
                              1. Social Costs of Punishment
                                1. Incarceration Costs
                                  1. Opportunity Costs
                                    1. Social Disruption
                                    2. Incapacitation
                                      1. Preventing Future Crimes
                                        1. Selective Incapacitation
                                        2. Rehabilitation
                                          1. Reducing Recidivism
                                            1. Cost-Benefit Analysis
                                            2. Deterrence
                                              1. General Deterrence
                                                1. Specific Deterrence
                                              2. Criminal Procedure Economics
                                                1. Plea Bargaining
                                                  1. Efficiency Considerations
                                                    1. Resource Allocation
                                                      1. Settlement vs. Trial
                                                      2. Rules of Evidence
                                                        1. Accuracy vs. Cost Trade-offs
                                                          1. Exclusionary Rules
                                                          2. Right to Counsel
                                                            1. Access to Justice
                                                              1. Fairness Considerations

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                                                          6. The Economics of Tort Law

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                                                          8. The Economics of Legal Process