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  • HANDBOOK OF LAW AND ECONOMICS
    ebook
    HANDBOOK OF LAW AND ECONOMICS
    A. MITCHELL POLINSKY
    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 i...

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