Useful Links
Economics
Applied Microeconomics
Law and Economics
1. Introduction to Law and Economics
2. Foundational Economic Concepts
3. The Coase Theorem
4. The Economics of Property Law
5. The Economics of Contract Law
6. The Economics of Tort Law
7. The Economics of Criminal Law
8. The Economics of Legal Process
9. The Economics of Regulation
10. Behavioral Law and Economics
11. The Economics of Corporate Law
12. The Economics of Family Law
13. The Economics of Constitutional Law
The Economics of Legal Process
Decision to Litigate
Expected Value of Lawsuit
Probability of Success
Expected Damages
Litigation Costs
Settlement vs. Trial Decision
Risk Preferences and Litigation
Legal Fee Systems
American Rule
Each Party Bears Own Costs
Incentive Effects
English Rule
Loser Pays
Incentive Effects
Contingent Fees
Risk Sharing
Access to Justice
Settlement and Bargaining
Bargaining Range
Overlapping Expectations
Zone of Agreement
Asymmetric Information
Strategic Withholding
Signaling
Settlement Failure
Bargaining Power
Resource Disparities
Strategic Advantages
The Judiciary
Judicial Incentives
Career Concerns
Decision-Making Factors
Precedent and Stare Decisis
Predictability Benefits
Efficiency Considerations
Innovation vs. Stability
Economics of Evidence
Discovery Rules
Information Sharing
Costs and Benefits
Burden of Proof
Allocation Principles
Impact on Outcomes
Evidence Production
Incentives for Truth-Telling
Cost Considerations
Previous
7. The Economics of Criminal Law
Go to top
Next
9. The Economics of Regulation