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Economic Analysis of Law


A. Mitchell Polinsky


Stanford Law School; National Bureau of Economic Research (NBER)

Steven Shavell


Harvard Law School; National Bureau of Economic Research (NBER)

November 2005

Stanford Law and Economics Olin Working Paper No. 316
Harvard Law and Economics Discussion Paper No. 536

Abstract:     
This entry for the forthcoming The New Palgrave Dictionary of Economics (Second Edition) surveys the economic analysis of five primary fields of law: property law; liability for accidents; contract law; litigation; and public enforcement and criminal law. It also briefly considers some criticisms of the economic analysis of law.

Number of Pages in PDF File: 42

Keywords: law and economics, property law, liability for accidents, contract law, litigation, public enforcement, criminal law

JEL Classification: D23, J28, K11, K12, K13, K14, K32, K41, K42, P14

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Date posted: November 29, 2005  

Suggested Citation

Polinsky, A. Mitchell and Shavell, Steven, Economic Analysis of Law (November 2005). ; Harvard Law and Economics Discussion Paper No. 536. Available at SSRN: http://ssrn.com/abstract=859406 or http://dx.doi.org/10.2139/ssrn.859406

Contact Information

A. Mitchell Polinsky (Contact Author)
Stanford Law School ( email )
559 Nathan Abbott Way
Stanford, CA 94305-8610
United States
650-723-0886 (Phone)
650-723-3557 (Fax)
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Steven Shavell
Harvard Law School ( email )
1575 Massachusetts
Hauser 406
Cambridge, MA 02138
United States
617-495-3668 (Phone)
617-496-2256 (Fax)
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
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