Since 1979 Research in Law and Economics has been presenting
original research that explores the extent to which the constraints
of law explain economic behavior and the role of economics in
forming the law. The first chapter in this volume proposes three
different definitions for market power from an antitrust
perspective. Chapter two suggests a new means of measuring market
power by moving away from traditional indicators of averaging
industry profits. The third chapter is an analysis of efforts
exerted and utilities obtained in a double lawsuit. Chapter four
surveys recent developments in economics of contract
interpretation. The fifth chapter examines the impact of changes in
foreign exchange legislation on the levels of R&D undertaken by
pharmaceutical firms in India. Chapter six addresses the role of
transaction costs in explaining governance in environmental
economics can play in helping choose environmental policy tools.
The final chapter is an examination of economic evidence relating
to the allegations in litigation against cigarette manufacturers.
General
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