Volume I of the three-volume series entitled Law and Economics which contains some of the key commentaries on the application of economic analysis to law. In this volume, Wahl (Carleton College) offers 18 articles and four case studies that explain and criticize the economic approach to law. They also classify articles and cases along standard legal lines such as property, contract, tort, criminal, and the like, even though the unifying principles of economics often blur these boundaries.

Volume III of the three-volume series entitled Law and Economics which contains some of the key commentaries on the application of economic analysis to law. In this volume, Wahl (Carleton College) presents 15 articles and seven cases devoted primarily to tort law, which was one of the first bodies

Intellectual property law is increasingly used to implement the business strategies of enterprises. If manufacturers of original products can monopolize the market in spare parts or prohibit recycling of their products by invoking their patent rights, they can devise a strategy that involves selling patented original products at a relatively low profit margin in order to profit by selling spare parts for these products. Patent law needs to establish general principles governing maintenance, replacement and recycling. Tracing back the history of the exhaustion doctrine, this study aims to...