- Features new examinations of the takings clause of the Constitution, contract law, and tort law- Includes new cost-benefit analyses in chapters on criminal law and environmental law- Offers new insights into anti-monopoly laws, especially policies concerning high-tech industries
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Preface to the Second Edition.
Preface to the First Edition.
Law and Economics.
Nature and Origin of Laws.
Nature and History of Economics.
The Interface between Law and Economics.
Where Law and Economics Might Not Meet.
Entitlements and Externalities and the Role of the Law.
Property Law's Basic Legal Premises:
Defining Rights and Entitlements to Property.
Permanent Transfer of Rights and Entitlements.
Temporary Transfer of Rights and Entitlements.
Land Use Planning and Development.
Economic Analysis of Landlord-Tenant Laws:
Rent Control Laws.
Laws Complementing Rent Control.
Housing Subsidy Laws.
Economic Analysis of Zoning Laws:
Residential--Commercial--Industrial Zoning Ordinances.
Zoning as a Taking?
Expanding Aims of Zoning.
The Basic Legal Premises of Contract Law.
Economic Considerations of Contract Law.
Tort Law's Basic Legal Premises:
What is a Tort?
Liability Rules--Introductory Classification.
The Rule of Contributory Negligence.
The Rule of Comparative Negligence.
The Rule of Strict Liability.
Economic Analysis of Tort Law:
Economic Analysis of Medical Malpractice.
Effects of Liability Standards.
Some Economic Considerations of Product Liability.
Economic Analysis of Accident Law.
Rules for Assigning Liability for Litigation Costs.
Tort Reforms' Economic Effects.
Basic Legal Premises of Criminal Law.
Economic Analysis of Criminal Law.
Crime Deterrence by Raising Costs to Criminals.
Crime Deterrence by Raising Legal Income.
Legal Aspects of Environmental Protection.
Court-Made Environmental Law.
Statutory Environmental Law.
The Economic Incentive to Monopolize Markets.
A Brief Outline of Antimonopoly Acts.
Ways to Monopolize Markets: Many Roads Lead to Rome.
Horizontal Mergers and Conglomerates.
Government-Induced Price Fixing and Foreclosure.
Some Further Economic Considerations.
Anti-Trust Policy Toward High-Tech Industries.
Employment Discrimination Law.
Housing Discrimination Law.
Professor Werner Z. Hirsch has been active in the field of Law and Economics since the early 1970s. Not only has he been active in the theoretical side of the field, but also in the practice of it by participating in the law-making process as an advisor and committee member on numerous occasions. In addition, he has served as an expert witness in a host of court cases, where he has given input on the economic rationale behind the laws. He is currently a professor in the UCLA Department of Economics, where his major interests lie in the fields of Law and Economics, Urban Economics, and Public Finance.