Legal Orderings and Economic Institutions - 9780415329422

Taylor & Francis

Introduction 1. Law, Economics and Institutional Complexity: An Introduction Part 1: Complexity in Law and Economics 2. Economics in the Future of the Law 3. Law and Economics in Historic Perspective 4. Legal Positions and Institutional Complementarities 5. Legislate Today or Wait Until Tomorrow?: An Investment Approach to Lawmaking Part 2: Private Orderings, Efficiency and the Role of the State 6. The Enforcement of Contracts and the Role of the State 7. Minimal Liberty and the \u2018Coasean Liberal\u2019: Setting Boundaries and Complementarities between the State and the Market 8. Private Orderings and Intellectual Property: What is it the Best Incentive System? 9. Fairness and Welfare: are they Really Competing Values? Part 3: Contractual Incompleteness and the Nature of Endogenous Enforcement 10. Costly Contingent Contracts: A Failure of the Coase Theorem 11. Game-Theoretic Solutions to Endogenous Contractual Incompleteness 12.Customary Contracts 13.Group Relations and Industrialo