Ch. 1. Introduction. A. Efficiency and Utility Maximization. B. Efficiency and Wealth Maximization. C. Comparing Utility and Wealth Maximization: The Pareto Criteria and the Role of Compensation. D. Efficiency and Equity. E. Externalities and Inefficiency -- Ch. 2. The Economic Analysis of Tort Law. A. Liability as an Incentive for Efficient Behavior. B. The Negligence Standard. C. Efficiency of Defenses to Liability Based on Negligence. D. Nuisance Law: Assigning and Exchanging Rights. E. Trespass and Nuisance: Transaction Costs and Impediments to Bargaining. F. Strict Liability. G. Efficient Defenses to Strict Liability. H. Problems in Calculating Damages
Notes
"Reprinted from Barnes and Stout's "Cases and Materials on LAW AND Economics" (West, 1992)."
