《Readings in the economics of law and regulation》

PART Ⅰ.INTRODUCTION3

1.THE ECONOMIC FRAMEWORK3

A.Nature and Scope of Economic Reasoning3

COASE Economics and Contiguous Disciplines3

BECKER The Economic Approach to Human Behavior8

Notes10

B.Assumptions and Concepts12

VELJANOVSKI The New Law-and-Economics：A Research Review12

Notes23

STIGLER The Theory of Price24

Notes29

C.Applications of Economics to Law31

KLEVORICK Law and Economic Theory：An Economist’s View31

LEFF Economic Analysis o f Law： Some Realism about Nominalism37

Notes42

POSNER The Economic Approach to Law43

DWORKIN Is Wealth a Value？46

Notes50

PART Ⅱ.PRIVATE LAW53

2.PROPERTY53

A.The Economic Basis of Proper53

PEJOVICH Towards an Economic Theory of the Creation and Specification of Property Rights53

BOWMAN Patent and Antitrust Law： A Legal and Economic Appraisal59

Notes63

B.Different Property Interests65

DENMAN The Place of Property65

MILL Principles of Political Economy67

Notes70

C.Conflicts in Land Use and Externalities72

COASE The Problem of Social Cost72

Notes83

D.Property Rules and Liability Rules84

CALABRESI and MELAMED Property Rules， Liability Rules and Inalienability： One View o f the Cathedral84

OGUS and RICHARDSON Economics and the Environment： A Study o f Private Nuisance94

Notes100

3.TORT103

A.Objectives103

WILLIAMS The Aims of the Law of Torts103

Notes105

CALABRESI The Costs of Accidents106

Notes110

B.Negligence and Strict Liability112

POSNER Tort Law - Cases and Economic Analysis112

Notes118

C.Contributory Negligence120

SCHWARTZ Contributory and Comparative Negligence：Reappraisal120

Notes124

D.Liability in Market Settings125

BRAMWELL Letter to Sir Henry Jackson， Q.C.125

MCKEAN Products Liability： Implications of some Changing Property Rights127

Notes132

E.Losses133

SHAVELL Theoretical Issues in Medical Malpractice133

BISHOP Economic Loss in Tort139

Notes147

4.CONTRACT149

A.Nature and Function of Contract149

LLEWELLYN What Price Contract？- An Essay in Perspective149

GOETZ and SCOTT Principles of Relational Contracts152

Notes155

B.Enforcement of Promises and Damages Remedies157

GOETZ and SCOTT Enforcing Promises：An Examination o f the Basis of Contract157

POSNER Economic Analysis of Law169

Notes172

C.Specific Performance174

SCHWARTZ The Case for Specific Performance174

Notes181

D.Unequal Bargaining Power and Unconscionability182

TREBILCOCK An Economic Approach to the Doctrine of Unconscionability182

Notes194

PART Ⅲ.PUBLIC LAW199

5.COMPETITION AND MONOPOLY199

A.Introduction199

B.Welfare Economics of Competition and Monopoly199

SCHERER Industrial Market Structure and Economic Performance199

Notes208

C.Defining Market Power210

BADEN FULLER Article 86 EEC： Economic Analysis of the Existence of a Dominant Position210

Notes220

D.Alternative Approaches to Controlling Market Power222

ROWLEY Antitrust and Economic Efficiency222

Notes230

6.THEORIES OF REGULATION233

A.Introduction233

B.Traditional Justifications for Regulation234

B RE YER Analyzing Regulatory Failure： Mismatches，Less Restrictive Alternatives， and Reform234

Notes239

C.The ‘Economic Theory’ of Regulation240

POSNER Theories of Economic Regulation240

Notes249

7.TECHNIQUES OF REGULATION253

A.Economic Incentives or Control by Standards253

ZUCKERMAN and BECKERMAN The Case for Pollution Charges253

BRAITHWAITE The Limits of Economism in Controlling Harmful Corporate Conduct258

Notes264

B.Licensing267

MOORE The Purpose of Licensing267

Notes273

C.Price Controls275

HARTLEY Price Controls， Markets and Income Distribution275

Notes281

D.Information Controls283

BEALES， CRASWELL and SALOP The Efficient Regulation of Consumer Information283

Notes293

PART Ⅳ.LEGAL INSTITUTIONS297

8.CRIME AND LAW ENFORCEMENT297

A.Deterrence297

EHRLICH The Economic Approach to Crime -A Preliminary Assessment297

CARR-HILL and STERN More Police， More Crime303

Notes306

B.Punishment and Enforcement307

BECKER Crime and Punishment： An Economic Approach307

Notes310

9.LEGAL SYSTEM AND PROCEDURE313

A.Constitutions313

BUCHANAN The Limits of Liberty313

Notes322

B.Legal Rulemaking324

EHRLICH and POSNER An Economic Analysis of Legal Rulemaking324

Notes334

C.Civil Procedure335

POSNER Economic Analysis of Law335

Notes345

PHILLIPS， HAWKINS and FLEMMING Compensation for Personal Injuries347

SCOTT Standing in the Supreme Court - A Functional Analysis350

Notes352

Cases Cited353

Index355