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Handbook of Law and Economics, Volume 1
Law can be viewed as a body of rules and legal sanctions that channel behavior in socially desirable directions for example, by encouraging individuals to take proper precautions to prevent accidents or by discouraging competitors from colluding to raise prices. The incentives created by the legal system are thus a natural subject of study by economists. Moreover, given th...more
Hardcover, 826 pages
Published
August 12th 2007
by North-Holland
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