Accident law, if properly designed, is capable of reducing the incidence of mishaps by making people act more cautiously. Since the 1960s, a group of legal scholars and economists have focused on identifying the effects of accident law on people's behavior. Steven Shavell's book is the definitive synthesis of research to date in this new field.
Provides an in-depth analysis and synthesis of the economic approach to the building blocks of the US legal system - namely property law, tort law, contract law and criminal law. The book examines the litigation process as well as welfare economics and morality.
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