It is a branch of economic analysis which deals with how law and legal institution operate economically and how legal institution can shape the economic behavior.  The methodology used are mutually beneficial to both “Law” and “Economics, which perhaps aid the understanding of policy making more inclusive. A key advancement of law and economics over the traditional market transaction is the incorporation of property right and transaction cost in the process of pricing and market determination.  The center focuses on the economic analysis of law in wide range of fields such as financial regulations, health law and policy, employment law, tax law and its policies, contract and commercial law, corporation and securities law, corporate governance, antitrust, litigation and intellectual property rights.




Law and Economics: Alternative Economic Approaches to Legal and Regulatory Issues

Author:Margaret Oppenheimer, Nicholas Mercuro, 2015

The economic analysis of legal and regulatory issues need not be limited to the neoclassical economic approach. The expert contributors to this work employ a variety of heterodox legal-economic theories to address a broad range of legal issues. They demonstrate how these various approaches can lead to very different conclusions concerning the role of the law and legal intervention in a wide array of contexts. The schools of thought and methodologies represented here include institutional economics, new institutional economics, socio-economics, social economics, behavioral economics, game theory, feminist economics, Rawlsian economics, radical economics, Austrian economics, and personalist economics. The legal and regulatory issues examined include anti-trust and competition, corporate governance, the environment and natural resources, land use and property rights, unions and collective bargaining, welfare benefits, work-time regulation and standards, sexual harassment in the workplace, obligations of employers and employees to each other, crime, torts, and even the structure of government. Each contributor brings a different emphasis and provides thoughtful, sometimes provocative analysis and conclusions. Together, these heterodox insights will provide valuable supplementary reading for courses in law and economics as well as public policy and business courses at both the graduate and undergraduate levels.,+economic+development,+law,+economics,+alternative&hl=en&sa=X&ved=0ahUKEwiW4sK7xfXbAhUDbisKHYx7Dt0Q6AEIKzAB#v=onepage&q=Property%20rights%2C%20economic%20development%2C%20law%2C%20economics%2C%20alternative&f=false




This volume provides an overview of the economic literature on contract law. There follow 20 chapters, all written by experts in the field. Each chapter offers a thorough review of the literature, an extensive bibliography, and a personal reflection on avenues of future research.  Economic analysis of contract law got an extra boost in the 1980s, when institutional economics gained popularity and mainstream  economics started to study contracts. Economists started to see organisations as solutions to principal-agent problems, and contracts as the archetypical form of organization on markets. This volume is divided in four parts. Part I deals with contract formation and interpretation; Part II deals with remedies for breach; Part III discusses long-term contracts; and Part IV offers some perspectives.




Economic Approaches to Intellectual Property Policy, Litigation, and Management

Edited by Dr. Lauren Stiroh et al., 2005

Over the past century, the value and importance of intellectual property has grown rapidly worldwide. While it is crucial for companies to successfully manage their intangible assets, they face difficult questions in attempting to navigate the complex business and legal environment that surrounds IP rights.

Economic Approaches to Intellectual Property Policy, Litigation, and Management discusses real-world tools and strategies at the forefront of economic thinking about many of today’s most prominent intellectual property issues. Co-edited by Dr. Gregory K. Leonard and Dr. Lauren Stiroh, this book is an anthology of 23 articles by economists associated with NERA. The chapters explore topics ranging from the valuation of IP damages to intellectual property rights protection in China and the antitrust implications of standard setting and patent pools.

Economic Approaches to Intellectual Property Policy, Litigation, and Management should be of interest to economists, lawyers, policy makers, executives managing IP portfolios, and law and business schools. The book addresses such key questions as:

  • How should the owner of IP rights be compensated when those rights are violated?
  • What role should antitrust and competition policy play in intellectual property matters?
  • How can companies more accurately assess their R&D investments and strategies?