A central question in economics is understanding the difficulties that parties have in
reaching mutually beneficial agreements. Informational differences provide an appealing …

In the past few decades, economic analysis of law has been challenged by a growing body
of experimental and empirical studies that attest to prevalent and systematic deviations from …

The authors first explain the various ways the rationality assumption is used in legal
scholarship and why it leads to unsatisfying policy prescriptions. They then systematically …

Since Ronald Coase's famous article The Nature of the Firm appeared over six decades
ago,'both economists and legal scholars have devoted considerable attention to the theory …

In recent years, business leaders, policymakers, and inventors have complained to the
media and to Congress that today's patent system stifles innovation instead of fostering it …

Cyberspace is shorthand for the web of consumer electronics, computers, and
communication networks that interconnects the world. 1 Coursing through this web is …

Copyright law strikes a precarious balance. To encourage authors to create and disseminate
original expression, it accords them a bundle of proprietary rights in their works. But to …

I have a colleague in practice who claims that as a trade secrets lawyer, his job is to"
prosecute thieves and defend entrepreneurs." For a lawyer in private practice, determining …

Property has fallen out of fashion. Although people are as concerned as ever with acquiring
and defending their material possessions, in the academic world there is little interest in …

In a concise, compelling argument, one of the founders and most influential advocates of the
law and economics movement divides the subject into two separate areas, which he …