Concept information
Preferred term
law and economics
Definition
- Law and economics is among the most successful examples of the recent surge of applied economics into areas that economists once regarded as extraneous to economic analysis. Methodologically, law and economics applies the conceptual apparatus and empirical methods of economics in the study of law. [Source: Encyclopedia of Law & Society: American and Global Perspectives; Economics, Law And]
Broader concept
Narrower concepts
- auction theory
- binary economics
- Chicago school of economics
- Coase Theorem
- economic inequality
- efficiency
- evolutionary economics
- externalities and social costs
- functional law and economics
- information (concept)
- law and economic development
- market failure
- markets
- monopoly
- normative economics
- public choice
- resource allocation
- social choice and judicial decision making
- socioeconomics
- utility maximization
- waste
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/law_and_economics
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