Foundations of Economic Analysis of Law
By S. Shavell. 2004
333 citations recorded by the source corpus.
This book provides a comprehensive, economically-oriented treatment of the basic areas of law, namely, property law, tort law, contract law, and criminal law. The book also deals with the litigation process and contains a part on welfare economics, morality, and law. Aimed at a broad audience, neither a legal background nor technical economic knowledge is needed to read it.
Subfields: Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/5e0c0ab46568efc61ddfbc5591053c7d81ee7aff
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In Economics and Econometrics
Citations in the corpus
- The Spillover Effect of SEC Comment Letters on Qualitative Corporate Disclosure: Evidence from the Risk Factor Disclosure (2017, background): “The ultimate goal of regulation enforcement is to deter undesirable behavior as efficiently as possible (Shavell 2004).”
- Regulating ChatGPT and other Large Generative AI Models (2023, background): “Beyond this point, only the users should be the subject of regulation and civil liability (and vice versa, for example in control-via-API cases): incentives for action only make sense where the person incentivized is actually in a position to act [89, 90].”
- Behavioral Law and Economics (2006, background): “Under conventional economic analysis this approach should tend to increase the convergence of parties' expectations and, thus, the rate at which they settle disputes out of court (e.g., Shavell 2004:427).”
- Punishment Despite Reasonable Doubt - A Public Goods Experiment with Sanctions Under Uncertainty (2010, background): “Not surprisingly, rules of legal procedure are inherently based on the incidence of error (e.g., Shavell 2004:451; Wistrich et al. 2005) and the law in general respects the fact that some information is private (e.g., Baird et al. 2003:79).”