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Module 4 - Theory of Law (Economics and Tort Law (Why? (Justice is too…
Module 4 - Theory of Law
Economics and Tort Law
law's objective to provide efficient distribution, production and use of resources
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Law, Economics and Property
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Ronald Coase
When transactions costs are 0, and property rights are well defined and divisible, efficient use comes from private bargaining
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Contract Theory
Will Theory
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Fit benefits
meeting of minds, voluntary
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