The aim of The Legal Foundations of Micro-Institutional Performance is to introduce the reader to a different way of thinking about economics that will allow them to both understand and apply legal concepts to economic analysis. To this end, it adopts and further develops Wesley Hohfeld's legal framework of jural (legal) relations as a tool of analysis. This analytical tool, as built into the Legal-Economic Performance framework, provides specific direction in identifying and describing interdependence among economic agents (including rights, duties, liberties and exposure to various acts). The framework adopted and developed in this book relies on the concept of interdependence--that all economic agents are tied together in a legal system given the inherent interdependent nature of transactions in a complex modern global economy. The authors start by developing this framework and then apply it to a variety of settings and empirical examples. Using this new method, economists will be able to reshape their analysis to account for how legal systems and specific legal rules impact economic performance and outcomes. This approach will be of great interest to graduate and advanced undergraduate social science scholars, faculty interested in the intersections of law and economics and the application of legal concepts to impact analysis, and practitioners in the fields of policy, law and economics.

Handbook of Local Government Fiscal Health reinvigorates the debate surrounding the monitoring, reporting, assessing, and managing of local government fiscal stress, bankruptcy, and state takeovers. It provides both a solid conceptual basis for understanding the sources and causes behind local government fiscal stress and crisis, as well as tools for monitoring, reporting, and addressing such crises. Based on theoretical frameworks as well as empirical evidence and case studies, this book also addresses such issues as the impact of GASB 34 and GASB 45 on the assessment of policies that address fiscal stress and crisis. Ideal for students of Public Policy and Public Administration, Handbook of Local Government Fiscal Health seeks to both advance the state of the field in terms of research and frameworks around fiscal stress in local government as well as provide an assessment of the tools, monitoring practices, and state and local policies that are used to address situations of fiscal stress. Key Features: * Gathers current thinking and research on the topic for use by academics and students, and updates classic works on fiscal stress and fiscal distress by Terry Clark, Charles Levine, and others. * Serves as a desk reference for practitioners, especially now that the topic of fiscal health is again taking center stage. * Provides comprehensive coverage of the many environmental and organizational factors influencing fiscal health, as well as the full range of concerns and concepts relevant to defining and measuring fiscal health.