Jolls, Sunstein, and Thaler wish to use the insights of behavioral economics to improve
economic analysis of law, which they believe to be handicapped by its commitment to the …

Everyone is familiar with the feeling that they" knew-it-allalong." Events, especially tragedies,
often feel as if they were predictable. Folk wisdom admonishes us to distrust this sensation …

The most exciting development in legal thinking since World War II has been the growth of
interdisciplinary legal studies—the application of the social sciences and the humanities to …

It is a common argument in law and economics that divided ownership can create or
exacerbate strategic behavior. For instance, when several persons own the land designated …

Every litigant gambles. When they choose to file suit, take discovery, fie motions, decline
settlement offers, and appeal, they take chances. But when do litigants gamble and when do …

Predicting human judgment and choice is a daunting undertaking. People pursue complex,
often conflicting goals that vary across time and circumstance. Despite the difficulty of the …

The Coase theorem has evolved from an illustrative argument in Ronald Coase's 'The
Problem of Social Cost'to a centerpiece of the modern law and economics movement. Along …

Eco-pragmatism takes on the most critical controversies in environmental law today: how to
weigh economic costs against environmental quality and human life, how to assess the long …

Economic Efficiency in Law and Economics is an interesting and worthwhile book. Megan
Richardson, Economic Record Zerbe s new book is high-powered and potentially important …

Global climate change is the greatest environmental challenge facing the world today. The
most urgent issue is how to prevent further accumulation of greenhouse gases (GHGs) that …