2 chicago working paper in law economics 1 game theory and strategic behavior as a discipline law and economics advanced on the strong back of classical microeconomics individual decisionmakers maximized utility or profits subject to constraints these individuals were treated either as pricetakers in competitive settings or pricesetters in mo nopolies they were also perfectly informed . Game theory and the law is a collection of previously published articles in which ideas from game theory and the economics of asymmetric information are applied to legal issues game theory s method is to simplify a situation by describing it in terms of players actions payoffs after which the players strategic interactions can be described whether used explicitly or implicitly this is a highly useful approach to law this important volume collects together the classic . This chapter introduces the history uses methods strengths and limits of law and economics and game theory as applied to law through a game theoretic analysis of a famous judicial opinion united states v carroll towing the chapter describes the efficiency consequences of different potential legal rules and illustrates some of the considerations and challenges inherent in selecting the efficient legal rule the chapter also highlights some of the trade offs inherent in the law and . Game theory and the law economic approaches to law 2008 01 08 isbn kostenloser versand fur alle bucher mit versand und verkauf duch amazon. Buy game theory and the law economic approaches to law series by rasmusen eric b isbn 9781845426408 from amazons book store everyday low prices and free delivery on eligible orders
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