Economics for lawyers /
Richard A. Ippolito.
- xix, 421 pages : illustrations ; 25 cm
Includes bibliographical references and index.
Finding the optimal use of a limited income -- Demand curves and consumer surplus -- Supply curves and the flow of resources : also sunk cost, opportunity cost, and transactions cost -- Using demand and supply curves to evaluate policy -- The economics of monopoly -- Public goods and common resources : toward understanding the economics of property rights -- Externalities : the Coase theorem -- Pollution in the workplace : contract or externality? : an introduction to the rules of law -- Lemons markets and adverse selection : signals, bonds, reputation, and tie-ins as solutions -- Sorting as a solution to asymmetric information : coaxing market participants to divulge valuable information -- Moral hazard and agency problems : when mispricing affects behavior -- Game theory and related issues : strategic thinking when players are few and information is poor. Ch. 1. Ch. 2. Ch. 3. Ch. 4. Ch. 5. Ch. 6. Ch. 7. Ch. 8. Ch. 9. Ch. 10. Ch. 11. Ch. 12.
"Economics for Lawyers provides the essential tools to understand the economic basis of law. Through rigorous analysis illustrated with simple graphs and a wide range of legal examples, Richard Ippolito focuses on a few key concepts and shows how they play out in numerous applications." "Along the way, readers learn what economists mean when they talk about sorting, signaling, reputational assets, lemons markets, moral hazard, and adverse selection. They will learn a new vocabulary and a whole new way of thinking about the world they live in, and will be more productive in their professions."--BOOK JACKET.