Analytical Methods - Folge 9: Law and Economics I
Update: 2019-04-19
Description
Law and Economics I - The basic idea of Law and Economics; Positive and normative Law and Economics; History of Law and Economics; Importance for jurists and lawyers; Property rights; Bargaining and efficiency; The externality problem; Solutions to the externality problem; Which legal measure to take?; The Coase theorem; The Coase's invariance thesis; Coase's efficiency thesis; Pareto efficiency and Kaldor-Hicks efficiency; Coase's assumptions; Challenges to the Coase theorem; Transaction costs; Consequences of high transaction costs; The (political) program of Law and Economics.
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