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Item Details
| Title:
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ECONOMIC EFFICIENCY IN LAW AND ECONOMICS
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| By: |
Richard O. Zerbe |
| Format: |
Hardback |
| List price:
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£120.00 |
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We currently do not stock this item, please contact the publisher directly for
further information.
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| ISBN 10: |
1840643013 |
| ISBN 13: |
9781840643015 |
| Publisher: |
EDWARD ELGAR PUBLISHING LTD |
| Pub. date: |
1 May, 2001 |
| Series: |
New Horizons in Law and Economics Series |
| Pages: |
336 |
| Description: |
This work introduces a different way of thinking about the concept of economic efficency that is both consistent with its historical derivation and - arguably - more useful than concepts currently used. An expanded version of Kaldor-Hicks efficiency as an axiomatic system is proposed. |
| Synopsis: |
In this path-breaking book, Richard Zerbe introduces a new way to think about the concept of economic efficiency that is both consistent with its historical derivation and more useful than concepts currently used. He establishes an expanded version of Kaldor-Hicks efficiency as an axiomatic system that performs the following tasks: the new approach obviates certain technical and ethical criticisms that have been made of economic efficiency; it answers critics of efficiency; it allows an expanded range for efficiency analysis; it establishes the conditions under which economists can reasonably say that some state of the world is inefficient. He then applies the new analysis to a number of hard and fascinating cases, including the economics of duelling, cannibalism and rape. He develops a new theory of common law efficiency and indicates the circumstances under which the common law will be inefficient.The book will be of great interest to scholars, students, and practitioners interested in the concept of economic efficiency and how it should be applied to law and economics. |
| Publication: |
UK |
| Imprint: |
Edward Elgar Publishing Ltd |
| Returns: |
Returnable |
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