The John M. Olin Center
Paper Abstract
536. A. Mitchell Polinsky & Steven Shavell, Economic Analysis of Law, 12/2005; subsequently published in New Palgrave Dictionary of Economics, 2nd edition, 2008.
Abstract: This entry for the forthcoming The New Palgrave Dictionary of Economics (Second Edition) surveys the economic analysis of five primary fields of law: property law; liability for accidents; contract law; litigation; and public enforcement and criminal law. It also briefly considers some criticisms of the economic analysis of law.