An introduction to law and economics with applications to contract law and governmental regulation

Authors

  • Thomas S. Ulen School of Law University of Illinois at Urbana–Champaign

Keywords:

law and economics, behavioural economics, contract law, property law, tort law

Abstract

The author starts his essay with a brief overview of law and economics as a research discipline and offers examples of how its analysis differs from that of doctrinal analysis, an older style of legal analysis. Next, he focuses on what he considers to be the two most important developments in the area – the incorporation of behavioural economics into the analysis of law and the emergence of empirical legal studies. After explaining why he considers them to be of such importance, he gives examples of how the legal and regulatory policies suggested by these developments significantly differ from the previous ones.

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Published

2012-03-30

How to Cite

Ulen, T. S. (2012). An introduction to law and economics with applications to contract law and governmental regulation. Journal of Public Governance, 18(4), 5-26. https://publicgovernance.pl/zpub/article/view/202