Law can be viewed as a body of rules and legal sanctions that channel behavior in socially desirable directions - for example, by encouraging individuals to take proper precautions to prevent accidents or by discouraging competitors from colluding to raise prices. The incentives created by the legal system are thus a natural subject of study by economists. Moreover, given the importance of law to the welfare of societies, the economic analysis of law merits prominent treatment as a subdiscipline of economics. This two volume Handbook is intended to foster the study of the legal system by economists.
*The two volumes form a comprehensive and accessible survey of the current state of the field.
*Chapters prepared by leading specialists of the area.
*Summarizes received results as well as new developments.

12. Corporate Law and Governance13. Empirical Study of Corporate Law14. Bankruptcy Law15. Antitrust 16. Regulation of Natural Monopoly17. Employment Law18. Antidiscrimination Law19. Intellectual Property Law20. Norms and the Law21. Experimental Study of Law22. The Political Economy of Law