Law and economics
Law and economics or economic analysis of law is the application of economic theory (specifically microeconomic theory) to the analysis of law. Economic concepts are used to explain the effects of law...
Home builder confidence soared to highest level in 12 years as Trump rolls back regulations
The nation's home builders couldn't be happier with President Donald Trump's first move to remove strict environmental rules.
Land law
Land law is the form of law that deals with the rights to use, alienate, or exclude others from land. In many jurisdictions, these kinds of property are referred to as real estate or real property, a...
Economic law
In the legal system of the Soviet Union, economic law was the legal theory and system under which economic relations were a legal discipline independent of criminal law and civil law. In the Law of th...
Property
In the abstract, property is that which belongs to or with something, whether as an attribute or as a component of said thing. In the context of this article, property is one or more components (rathe...
Regulatory economics
Regulatory economics is the economics of regulation, in the sense of the application of law by government or an independent agency for various purposes, such as centrally-planning an economy, remedyin...
Home builder confidence soared to highest level in 12 years as Trump rolls back regulations
The nation's home builders couldn't be happier with President Donald Trump's first move to remove strict environmental rules.
Agency cost
An agency cost is an economic concept concerning the cost to a "principal" (an organization, person or group of persons), when the principal chooses or hires an "agent" to act on its behalf. Because t...
Property Rules, Liability Rules and Inalienability: One View of the Cathedral
Property Rules, Liability Rules and Inalienability: One View of the Cathedral is an article in the scholarly legal literature (Harvard Law Review, Vol.85, p.1089, April 1972), authored by Judge Guido ...
Deep pocket
Deep pocket is an American slang term; it usually means "extensive financial wealth or resources". It is usually used in reference to big companies or organizations (ex: the American tobacco companies...
Financial regulation
Financial regulation is a form of regulation or supervision, which subjects financial institutions to certain requirements, restrictions and guidelines, aiming to maintain the integrity of the financi...
Costly state verification
Costly State Verification (CSV) approach in contract theory considers contract design problem in which verification (or disclosure) of enterprise performance is costly and a lender has to pay a monito...
Okun's law
In economics, Okun's law (named after Arthur Melvin Okun, who proposed the relationship in 1962) is an empirically observed relationship between unemployment and losses in a country's production. The...
Okun's law - Wikipedia
Coase theorem
In law and economics, the Coase theorem (pronounced /ˈkoʊs/) describes the economic efficiency of an economic allocation or outcome in the presence of externalities. The theorem states that if trade i...
Coase theorem - Wikipedia
Real estate
Real estate is "property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this (...
Private defense agency
A private defense agency (PDA) is a conceptual term for a type of enterprise which would provide personal protection and military defense services to individuals who would voluntarily contract for its...
Judicial economy
Judicial economy refers broadly to the principle that the limited resources of the legal system or a given court should be conserved.
"Judicial economy" most commonly refers to the refusal of a co...
United States v. Carroll Towing Co.
United States v. Carroll Towing Co. 159 F.2d 169 (2d. Cir. 1947) is a decision from the 2nd Circuit Court of Appeals that proposed a test to determine the standard of care for the tort of negligence. ...
Aaron Edlin
Aaron S. Edlin (born 1967) is a noted expert in law and economics, specializing in antitrust. In 1997–1998, he served in the Clinton White House as Senior Economist within the Council of Economic Advi...
Alternative compensation system
Various alternative compensation systems (ACS) have been proposed as ways to allow the widespread reproduction of digital copyrighted works while still paying the authors and copyright owners of those...
Economics and patents
Patents are legal instruments intended to encourage innovation by providing a limited monopoly to the inventor (or their assignee) in return for the disclosure of the invention. The underlying assumpt...
The Lighthouse in Economics
"The Lighthouse in Economics" is a 1974 academic paper written by British economist Ronald H. Coase.This paper challenges the traditional view that lighthouses are examples of public goods by showing ...
Pure economic loss
Economic loss is a term of art which refers to financial loss and damage suffered by a person such as can be seen only on a balance sheet rather than as physical injury to the person or destruction of...
Anti-competitive practices
Anti-competitive practices are business, government or religious practices that prevent or reduce competition in a market (see restraint of trade).These can include:Also criticized are:
It is usua...
Commercial treaty
A commercial treaty is a formal agreement between states for the purpose of establishing mutual rights and regulating conditions of trade.For example, the Methuen Treaty was a commercial treaty betwee...
Commercial treaty - Wikipedia
Calculus of negligence
In the United States, the calculus of negligence, or Hand rule or Hand formula, is a term coined by Judge Learned Hand and describes a process for determining whether a legal duty of care has been bre...
Learned Hand
Billings Learned Hand (/ˈlɜrnɨd/ LURN-id; January 27, 1872 – August 18, 1961) was a United States judge and judicial philosopher. He served on the United States District Court for the Southern Di...
Learned Hand - Wikipedia
Ranchos of California
The Spanish and, later, Mexican governments encouraged settlement of territory now known as California by the establishment of large land grants called ranchos, from which the English word ranch is de...
Ranchos of California - Wikipedia
Contract awarding
Contract awarding is the method used during a procurement in order to evaluate the proposals (tender offers) taking part and award the relevant contract. Usually at this stage the eligibility of the p...