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What is Economic Analysis in Jurisprudence about?
The document discusses the effectiveness of economic analysis in understanding legal institutions, arguing that it models actual outcomes better than traditional theories, despite its analytical incompleteness. It highlights two main arguments: the vagueness of concepts like justice and duty versus the clarity of economic efficiency, and the role of law in optimizing contractual arrangements to reduce transaction costs. Additionally, it explores developments in behavioral economics, game theory, and public
- Author
- 2022065
- Language
- EN