Economic Efficiency in Law and Economics (New Horizons in Law and Economics Series)

Zerbe, Richard O.

Published by Edward Elgar Pub
ISBN 10: 184064611X / ISBN 13: 9781840646115
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Synopsis: In this text Zerbe introduces a way to think about the concept of economic efficiency that is both consistent with its historical derivation and more useful than contemporary concepts. He establishes an expanded version of Kaldor-Hicks efficiency as an axiomatic system that performs the tasks of: allowing an expanded range for efficiency analysis; and estabilshing the conditions under which economists can reasonably say that some state of the world is inefficient. He then applies the analysis to a number of hard and interesting cases, including the economics of duelling, cannibalism and rape. He develops a theory of common law efficiency and indicates the circumstances under which a common law will be inefficient.

About the Author: Richard O. Zerbe Jr., Professor of Public Affairs, Daniel J. Evans School of Public Affairs, Adjunct Professor, Law School, University of Washington and Editor of Research in Law and Economics

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Title: Economic Efficiency in Law and Economics (...
Publisher: Edward Elgar Pub

Binding: Paperback
Book Condition: Good

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Book Description Edward Elgar Publishing Ltd. Paperback. Book Condition: new. BRAND NEW, Economic Efficiency in Law and Economics (New edition), Richard O. Zerbe, In this text Zerbe introduces a way to think about the concept of economic efficiency that is both consistent with its historical derivation and more useful than contemporary concepts. He establishes an expanded version of Kaldor-Hicks efficiency as an axiomatic system that performs the tasks of: allowing an expanded range for efficiency analysis; and estabilshing the conditions under which economists can reasonably say that some state of the world is inefficient. He then applies the analysis to a number of hard and interesting cases, including the economics of duelling, cannibalism and rape. He develops a theory of common law efficiency and indicates the circumstances under which a common law will be inefficient. Bookseller Inventory # B9781840646115

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Book Description Edward Elgar Publishing Ltd, United Kingdom, 2002. Paperback. Book Condition: New. New edition. 230 x 156 mm. Language: English . Brand New Book. In this path-breaking book, Richard Zerbe introduces a new way to think about the concept of economic efficiency that is both consistent with its historical derivation and more useful than concepts currently used. He establishes an expanded version of Kaldor-Hicks efficiency as an axiomatic system that performs the following tasks: the new approach obviates certain technical and ethical criticisms that have been made of economic efficiency; it answers critics of efficiency; it allows an expanded range for efficiency analysis; it establishes the conditions under which economists can reasonably say that some state of the world is inefficient. He then applies the new analysis to a number of hard and fascinating cases, including the economics of duelling, cannibalism and rape. He develops a new theory of common law efficiency and indicates the circumstances under which the common law will be inefficient. The book will be of great interest to scholars, students, and practitioners interested in the concept of economic efficiency and how it should be applied to law and economics. Bookseller Inventory # AAJ9781840646115

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Book Description Edward Elgar Publishing Ltd, United Kingdom, 2002. Paperback. Book Condition: New. New edition. 230 x 156 mm. Language: English . Brand New Book. In this text Zerbe introduces a way to think about the concept of economic efficiency that is both consistent with its historical derivation and more useful than contemporary concepts. He establishes an expanded version of Kaldor-Hicks efficiency as an axiomatic system that performs the tasks of: allowing an expanded range for efficiency analysis; and estabilshing the conditions under which economists can reasonably say that some state of the world is inefficient. He then applies the analysis to a number of hard and interesting cases, including the economics of duelling, cannibalism and rape. He develops a theory of common law efficiency and indicates the circumstances under which a common law will be inefficient. Bookseller Inventory # AAJ9781840646115

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