This essential volume incorporates major contributions made by
prominent scholars in the past forty years, which illustrate the
understanding of the economics of remedies. The editor has selected
seminal articles that analyze the well known distinction between
property rules and liability rules and demonstrates its
significance. The articles also demonstrate the dilemma of which
remedy is the more efficient - damages or specific performance. In
addition the collection addresses questions concerning the measure
of recovery and the scope of liability, and concludes with the
novel topic of partial compensation under uncertainty. This set of
indispensable articles, along with an original introduction by the
editor, will be of great value to law professors, law students,
judges and practicing lawyers interested in law and economics, and
economists.
General
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