CONTENTS
Preface
1. AN INTRODUCTION TO LAW AND ECONOMICS
I.What Is the Economic Analysis of Law?
II.Some Examples
III. The Primacy of Efficiency over Distribution in Analyzing Private Law
IV.Why Should Lawyers Study Economics? Why Should Economists Study Law?
V.The Plan of This Book

2. A REVIEW OF MICROECONOMIC THEORY
I.Overview: The Structure of Microeconomic Theory
II.Some Fundamental Concepts: Maximization, Equilibrium, and Efficiency
III.Mathematical Tools
IV.The Theory of Consumer Choice and Demand
V.The Theory of Supply
VI.Market Equilibrium
VII.Game Theory
VIII.The Theory of Asset Pricing
IX.General Equilibrium and Welfare Economics
X.Decision-Making Under Uncertainty: Risk and Insurance

3. AN INTRODUCTION TO LAW AND LEGAL INSTITUTIONS
I.The Civil Law and the Common Law Traditions
II.The lnstitutions of the Federal and the State Court Systems in the United States
III.The Nature of a Legal Dispute
IV.How Legal Rules Evolve

4.AN ECONOMIC THEORY OF PROPERTY
I.The Legal Concept of Property
II. Bargaining Theory
III. The Origins of the Institution of Property: A Thought Experiment
IV. An Economic Theory of Property
V. How Are Property Rights Protected?
VI. What Can Be Privately Owned? - Public and Private Goods
VII. What May Owners Do with Their Property?
VIII. On Distribution Appendix: The Philosophical Concept of Property

5. TOPICS IN THE ECONOMICS OF PROPERTY LAW
I. What Can Be Privately Owned?
II. How Are Property Rights Established and Verified?
III. What May Owners Do with Their Property
IV. What Are the Remedies for the Violation of Property Rights?

6.AN ECONOMIC THEORY OF CONTRACT
I. Bargain Theory: An Introduction to Contracts
II. An Economic Theory of Contract

7. TOPICS IN THE ECONOMICS OF CONTRACT LAW
I.Remedies as incentives
II.Formation Defenses and Performance Excuses
Mathernatical Appendix

8. AN ECONOMIC THEORY OF TORT LAW
I.Defining Tort Law
II.An Economic Theory of Tort Liability
Appendix: Liability and Symmetry

9. TOPICS IN THE ECONOMICS OF TORT LIABILITY
I.Extending the Economic Model
II.Computing Damages
III.Applying the Economic Theory of Tort Liability: Tort Law Reform

10. AN ECONOMIC THEORY OF THE LEGAL PROCESS
I.Why Sue?
II.Exchange of Information
III.Settlement Bargaining
IV.Trial
V. Appeals

11. AN ECONOMIC THEORY OF CRIME AND PUNISHMENT
I.The Traditional Theory of Criminal Law
II.An Economic Theory of Crime and Punishment

12. TOPICS IN THE ECONOMICS OF CRIME AND PUNISHMENT
I.Crime in the United States
II.Does Punishment Deter Crime?
III.Efficient Punishment
IV.The Death Penalty The Economics of Addictive Drugs and Crime
VI.The Economics of Handgun Control

Case Index
Name Index
Subject Index