In this brief Article, I explore the growing empirical evidence in support of the public choice model of judicial decision making. Although legal scholars have traditionally been reluctant to engage in a critical inquiry into the role of judicial self-interest on judicial behavior, recent...

The following article is a contribution to the discussion about how the basic postulates of the Economic Analysis of Law can be aligned and thus, how such an alignment can consistently strengthen some of the most traditional institutions of the Law, particularly, the principle of good faith as a...

In Greece there is no established discipline of law and economics yet, if by this we mean a coherent body of work and a group of scholars dedicated to its promotion. There are only some recent and hesitant attempts by some scholars to introduce law and economics to Greek legal bibliography and a...

What is wrong with calls for search neutrality, especially those rooted in the notion of Internet search (or, more accurately, Google, the policy scolds’ bête noir of the day) as an “essential facility,” and necessitating government-mandated access? As others have noted, the basic concept...

The relationship between law and economic development remains enigmatic. There is no doubt that, broadly speaking, legal mechanisms for social control (or “institutions,” to use North’s words) play a major role. Nevertheless, the impact of legal organization on economic development has not...

This chapter in the book PIONEERS OF LAW AND ECONOMICS explores the contributions of Benjamin Klein to law and economics. I explore the intellectual foundations of Klein's pioneering analysis of the hold-up problem, the theory of the firm, vertical restraints, franchising, and the role of...

During the last decades there has been an impressive debate on what should be considered the future of the application of economic tools to the study of the legal system. Such debate is particularly compelling while many countries, which do not belong to that common law area - original backstage...

The economic models of bargaining and tort law have not been integrated into a coherent theory that reflects the empirical world. This Article models the interaction of settlement dynamics and the theory of negligence. It shows that tort claims are systematically devalued during settlement...

Behavioral economics has been a growing force in many fields of applied economics, including public economics, labor economics, health economics, and law and economics. This paper describes and assesses the current state of behavioral law and economics. Law and economics had a critical (though...