This document is an introduction to law and economics by Robert Cooter from the University of California, Berkeley. It provides an overview of the key concepts in law and economics, explaining how economics can be used to understand legal rules and institutions. The document outlines how law and economics analyzes legal rules using concepts from microeconomics like incentives, efficiency, and maximizing social welfare. It also discusses how economics explains the common law process of judges making incremental changes to rules based on their economic effects.
This document is an introduction to law and economics by Robert Cooter from the University of California, Berkeley. It provides an overview of the key concepts in law and economics, explaining how economics can be used to understand legal rules and institutions. The document outlines how law and economics analyzes legal rules using concepts from microeconomics like incentives, efficiency, and maximizing social welfare. It also discusses how economics explains the common law process of judges making incremental changes to rules based on their economic effects.
This document is an introduction to law and economics by Robert Cooter from the University of California, Berkeley. It provides an overview of the key concepts in law and economics, explaining how economics can be used to understand legal rules and institutions. The document outlines how law and economics analyzes legal rules using concepts from microeconomics like incentives, efficiency, and maximizing social welfare. It also discusses how economics explains the common law process of judges making incremental changes to rules based on their economic effects.