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.
Revenue-cap regulation
Revenue-cap regulation is a system for setting the prices charged by regulated monopolies by limiting the total revenue in a given period. It is contrasted with rate-of-return regulation, in which uti...
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 ...
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...
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...
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...
Say's law
Say's law, or the law of markets, is the controversial assertion, found in classical economics, that aggregate production necessarily creates an equal quantity of aggregate demand. It was stated by th...
Property is theft!
Property is theft! (French: La propriété, c'est le vol !) is a slogan coined by French anarchist Pierre-Joseph Proudhon in his 1840 book What is Property? Or, an Inquiry into the Principle of...
Rack-rent
Rack-rent denotes two different concepts:The second definition is equivalent to the economic rent of the land plus interest on capital improvements plus depreciation and maintenance -- the normal mark...
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...
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...
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...
An Economic Interpretation of the Constitution of the United States
An Economic Interpretation of the Constitution of the United States is a 1913 book by American historian Charles A. Beard. It argues that the structure of the Constitution of the United States was mot...
The Wealth of Networks
The Wealth of Networks: How Social Production Transforms Markets and Freedom is a book by Harvard Law School professor Yochai Benkler published by Yale University Press on April 3, 2006.A PDF of the b...
Hedonology
Hedonology, (Hedonics) is the study of the impact an injury or incident had on a persons lifestyle.
The Hedonology Institute was developed by Jeffrey Francis Magrowski, Ph.D., CRC, CRE. A trademar...
Single crossing condition
In economics, the single-crossing condition or single-crossing property refers to how the probability distribution of outcomes changes as a function of an input and a parameter.Cumulative distribution...