Economics of the Law : Torts, Contracts, Property and Litigation

Economics of the Law : Torts, Contracts, Property and Litigation

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Over the past two decades, the field of law and economics has matured to the point where scholars have employed the latest economic methods in an effort to understand the nature of legal rules and to guide legal reform. This book is the first to provide a broad survey of this scholarship as it has been applied to problems in torts, contracts, property, and litigation. It will therefore serve as a convenient reference guide to this exciting field.The seller again will test too often compared to the zero litigation cost case because of the expected litigation costs. ... They conclude that making discharge easier under mutual mistake is not generally consistent with efficiency. ... based on commercial impracticability, or the claim that, owing to some unforeseen contingency, performing the contract would be economically burdensome for the promisor.

Title:Economics of the Law : Torts, Contracts, Property and Litigation
Author: Thomas J. Miceli Associate Professor of Economics University of Connecticut
Publisher:Oxford University Press, USA - 1997-01-23

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