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Contents
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Common terms and phrasesaccident agency antitrust benefits breach buyer capital cartel Chapter Coase Theorem common law compensation competition consumers contract corporation costly court creditors crime criminal damages defendant demand deter discrimination discussed earnings economic analysis economist effect efficient employer enforcement evidence example expected federal firm firm's game theory greater higher incentive income increase infra injurer interest investment judges judicial labor land Law & Econ lawyers less limited litigation loss marginal cost monopolist monopoly monopoly profits negligence nomic opportunity cost optimal output owner parties percent person plaintiff pollution Posner predatory pricing price discrimination probability problem profits property rights protection punishment railroad rational reduce regulation rent-seeking result revenue risk risk averse rule sell seller shareholders social costs strict liability substitute Suppose supra theory tort transaction costs trial utility victim wage wealth widgets workers Bibliographic information |