This insightful collection of classic papers explores the effects of various legal institutions and policies on economic development. The editors include analysis of the historical, current, and future conditions of numerous legal traditions and strategies, both nationally and globally. The volume will enhance understanding of how legal policies influence economic growth. It will also contribute to the selection and advancement of those legal policies most likely to improve overall economic development and social welfare.

Research has deeply investigated several issues related to the use of integrity constraints on relational databases. In particular, a great deal of attention has been devoted to the problem of extracting "reliable" information from databases containing pieces of information inconsistent with regard to some integrity constraints. In this manuscript, the problem of extracting consistent information from relational databases violating integrity constraints on numerical data is addressed. Aggregate constraints defined as linear inequalities on aggregate-sum queries on input data are considered....

This two-volume collection provides an overview of essential works for understanding one of the most important contributions to the field of law and economics: the Coase Theorem. A variety of prominent scholars contribute crucial essays, each exploring different aspects of Coase's work. Volume I explores the origins, restatements and extensions of Coase's Theorem and contains subsections on sources, positive restatements, normative corollaries, 'Coaseanism', and Coase's intellectual legacy. Volume II considers criticisms and applications of the Coase Theorem covering surveys and applications,...

From a historical perspective, 'law and economics' was one of the most influential developments in legal scholarship in the twentieth century; it remains today one of the dominant perspectives on the law, generating a tremendous quantity of new research and discussion. Unfortunately, the rewards of applying the analytical methods of one highly technical field to the historically layered substance of another has resulted in considerable overhead, requiring fluency in both the language of economics and the language of the law. Further complicating matters, law and economics has sometimes...

Cybersecurity is a leading national problem for which the market may fail to produce a solution because individuals often select less than optimal security levels in a world of positive transaction costs. The problem is compounded because the insecure networks extend far beyond the regulatory jurisdiction of any one nation or even coalition of nations. This book brings together the views of leading law and economics scholars on the nature of the cybersecurity problem and possible solutions to it. Many of these solutions are market based, but in need of aid, either from government or industry...

Judge Richard A. Posner is internationally regarded as a leading exponent and founding father of the law and economics movement. This volume draws together a selection of his most important papers on the methodology and the theory of law and economics. The themes explored in this book include: the economics of common law; the criterion of wealth maximization; an economic approach to judicial rulemaking; the application of finance theory to law; and the methodology of law and economics.

Customary law has been the subject of intense debate and the issues arising from the intersection of customs and the law are far from settled. This volume, separated into three parts brings together seminal work from scholars in law, economics and history. The first section analyses various perspectives on the history of customary law. Part two focuses on the commercial customary law and includes a number of case studies covering the role and limits of customary systems in a variety of commercial settings. The final section explores the role of custom in international law from a variety of...

This unique collection of largely unpublished papers brings together the founding fathers of law and economics to provide their own views on the origins and intellectual history of the field. Law and economics emerged as a separate field of scholarship during the early 1960s, fueled by two seminal papers, one by Ronald Coase and one by Guido Calabresi. The ideas generated by scholars researching in the field have deeply influenced the major disciplines of economics and the law.

Through original and incisive contributions from leading scholars, this book applies economics and other rational choice methods to understanding public international law. The chapters cover a range of topics, from the sources of international law to means of enforcement. The application of economic analysis to public international law is still in its early stages, and Economic Analysis of International Law provides a useful overview, as well as setting directions for new research.

Through original and incisive contributions from leading scholars, this book applies economics and other rational choice methods to an understanding of public international law, providing a bird's eye view of some of its most fundamental elements from the perspective of economics. The chapters cover a range of topics, beginning with the building blocks of the nation state and continuing with the sources and the enforcement of international law and its various applications and extensions. The application of economic analysis to public international law is still in its formative stages and...