This work is part of a series focusing on research into law and economics. It discusses a variety of topics in the field.

Since 1979 "Research in Law and Economics" has been presenting original research that explores the extent to which the constraints of law explain economic behavior and the role of economics in forming the law. Leading scholars, including Kenneth Arrow, Kenneth Elzinga, Victor Goldberg, Jack Hirschliefer, Paul Joskow, and Vernon Smith, have chosen "Research in Law and Economics" as the right forum for presenting their research. Now published bi-annually, each issue of "Research in Law and Economics" focuses on a timely and relevant topic. Such topics have included economics of environmental...

Benefit-cost analysis informs which policies or programs most benefit society when implemented by governments and institutions around the world. This volume brings together leading researchers and practitioners to recommend strategies and standards to improve the consistency and credibility of such analyses, assisting analysts of all types in achieving a greater uniformity of practice.

This collection brings together the key papers in the area of efficiency in law and economics. Alongside an original introduction, the collection covers the applications of economic efficiency to law and the limitations and morality of efficiency. This important book will appeal to anyone interested in the underlying welfare theory relating to the use of economics in law, examining both the history and impact of the theory, as well as its deficiencies.