000 02259cam a22002654a 4500
003 OSt
005 20161227130118.0
008 000908s2001 enka b 001 0 eng
020 _a9781840646115
040 _cSLSN
082 0 0 _a330
_bZER.E
100 1 _aZerbe, Richard O.
245 1 0 _aEconomic efficiency in law and economics /
_cRichard O. Zerbe, Jr.
260 _aCheltenham,
_bEdward Elgar,
_c2001.
300 _av, 328 p. :
_bill. ;
_c25 cm.
504 _aIncludes bibliographical references (p. 298-320) and index.
505 _a1. History of the concept of economic efficiency 2. The foundation: a new measure for economic efficiency 3. The nature of economic efficiency 4. The nature of inefficiency 5. Rights and the relationship of law to efficiency 6. The problem of missing values in normative law and economic analysis 7. The failure of market failure 8. Of distributive justice and economic efficiency: an integrated theory of the common law 9. The efficiency of the common law: an economic analysis of dueling, cannibalism, the gold rush, racism, and antitrust law 10. A recapitulation.
520 _aIn this 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 both answers critics of efficiency and allows an expanded range for efficiency analysis. In doing this he shows that most proponents and critics of the application of economic efficiency in normative analysis have made important mistakes. He 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.
650 0 _aLaw and economics.
650 0 _aEconomics
_xPhilosophy.
906 _a7
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_corignew
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_eocip
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942 _2ddc
_cB
955 _apc05 09-08-00; sg20 09-11-00; sg17 09-11-00; sg77 09-12-00 to Dewey; aa05 09-14-00
_aps05 2002-10-24 bk rec'd, to CIP ver.
999 _c582149
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