The Legal Analyst: A Toolkit for Thinking about the Law

Contents......Page 8
Preface......Page 10
Acknowledgments......Page 14
Part I. Incentives......Page 16
1 Ex Ante and Ex Post......Page 18
2 The Idea of Efficiency......Page 28
3 Thinking at the Margin......Page 39
4 The Single Owner......Page 52
5 The Least Cost Avoider......Page 62
6 Administrative Cost......Page 72
7 Rents......Page 81
8 The Coase Theorem......Page 90
Part II . Trust, Cooperation, and Other Problems for Multiple Players......Page 100
9 Agency (with Eric Posner)......Page 102
10 The Prisoner’s Dilemma......Page 115
11 Public Goods......Page 124
12 The Stag Hunt......Page 132
13 Chicken......Page 141
14 Cascades......Page 151
15 Voting Paradoxes......Page 159
16 Suppressed Markets (with Saul Levmore)......Page 167
Part III. Jurisprudence......Page 176
17 Rules and Standards......Page 178
18 Slippery Slopes (with Eugene Volokh)......Page 187
19 Acoustic Separation......Page 197
20 Property Rules and Liability Rules......Page 203
21 Baselines......Page 213
22 Willingness to Pay and Willingness to Accept: The Endowment Effect and Kindred Ideas......Page 224
23 Hindsight Bias......Page 233
24 Framing Effects......Page 239
25 Anchoring......Page 245
26 Self-Serving Bias, with a Note on Attribution Error......Page 252
Part V. Problems of Proof......Page 262
27 Presumptions......Page 264
28 Standards of Proof......Page 272
29 The Product Rule......Page 288
30 The Base Rate......Page 296
31 Value and Markets......Page 309
Notes......Page 320
Author Index......Page 344
Subject Index......Page 350