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 ...
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
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...
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
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 ...
Copyright in Historical Perspective
Copyright in Historical Perspective is an influential work of copyright scholarship by Lyman Ray Patterson. The book traces the history of Anglo-Saxon copyright from the outgoing 15th century to the l...
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
Supply and demand
In microeconomics, supply and demand is an economic model of price determination in a market. It concludes that in a competitive market, the unit price for a particular good will vary until it settles...
Constitutional economics
Constitutional economics is a research program in economics and constitutionalism that has been described as extending beyond the definition of "the economic analysis of constitutional law" in explain...
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...
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...
Single crossing condition - Wikipedia
Leasing
A lease is a contractual arrangement calling for the lessee (user) to pay the lessor (owner) for use of an asset.Broadly put, a lease agreement is a contract between two parties, the lessor and the le...