Encyclopedia of Law and Economics by
The Encyclopedia of Law and Economics is a monumental reference work that surveys the entire literature on law and economics in over 3,000 pages. The entries consist of two elements: a review of the literature written by an authority in the field and a b
This link opens in a new window| Introduction The economic analysis of law involves three distinct but related enterprises. The first is the use of economics to predict the effects of legal rules. The second is the use of economics to determine what legal rules are economically efficient, in order to recommend what the legal rules ought to be. The third is the use of economics to predict what the legal rules will be. Of these, the first is primarily an application of price theory, the second of welfare economics, and the third of public choice. From The New Palgrave: A Dictionary of Economics, First Edition, 1987
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