Handbook of Law and Economics

Handbook of Law and Economics

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Law can be viewed as a body of rules and legal sanctions that channel behavior in socially desirable directions -- for example, by encouraging individuals to take proper precautions to prevent accidents or by discouraging competitors from colluding to raise prices. The incentives created by the legal system are thus a natural subject of study by economists. Moreover, given the importance of law to the welfare of societies, the economic analysis of law merits prominent treatment as a subdiscipline of economics. This two volume Handbook is intended to foster the study of the legal system by economists. *The two volumes form a comprehensive and accessible survey of the current state of the field. *Chapters prepared by leading specialists of the area. *Summarizes received results as well as new developments.On winning (usually by default), they can obtain a court order to garnish debtorsa#39; wages. Under the Federal ... Most unsecured debtsa€”including credit card debt, installment loans, medical debt, unpaid rent. 38 A few individual debtors also file anbsp;...

Title:Handbook of Law and Economics
Author: A. Mitchell Polinsky, Steven Shavell
Publisher:Elsevier - 2007

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