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The discipline of ‘law and economics’ analyses specific laws and legal processes (filing or non-filing of cases, use of advocates, arguments in the courts, judgment, punishment, etc.) from the viewpoint of economic ‘efficiency’. What is an economically efficient allocation of rights in a given context? Is the existing law or legal provision that assigns that right in a specific context efficient? When people approach with a case of violation of these rights, will the remedies available in courts lead to an efficient resolution of conflicts? These are some of the questions taken up in the study of law and economics.
Volume 1 aims to develop an accessible writing on the basic concepts of the theory of law and economics which can be used by all those who do not have a proper training in economics, including lawyers. The purpose is not to come up with a set of binding recommendations; instead, it is an attempt to systematically develop a body of thought that will help us in analysing specific issues in specific contexts.
The purpose of Volume 2 is to develop a set of applications which include ‘law and economics’ commentaries on Indian legislations. The specific issues taken up include property rights, intellectual property rights, public property and public rights over property, contract laws, tort laws, some economic laws (such as those dealing with issues of regulation, information disclosure of private companies, regulation of stock markets), economics of crime, and the legal and judicial process.
ISBN - 9788132110095
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Pages : 428
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