This is a survey of the field of economic analysis of law, focusing on the work of economists. The survey covers the three central areas of civil law — liability for accidents (tort law), property law, and contracts — as well as the litigation process and public enforcement of law. Forthcoming in A.J. Auerbach and M. Feldstein, Handbook of Public Economics JEL Classes K00, K10, K11, K12, K13, K...

This paper discusses an economic equilibrium theory with computabil-ity constraints on both the magnitudes (prices, quantities, etc.) and the operations (to perceive, evaluate, choose, communicate, etc) that agents can use. Prices and quantities are computable numbers (Turing (1936)), and preference relations, utility functions, demand functions are computable (in the sense of Moschovakis (1964...

We present in this work an economic analysis of ransomware, with relevant data from Cryptolocker, CryptoWall, TeslaCrypt and other major strands. We include a detailed study of the impact that different price discrimination strategies can have on the success of a ransomware family, examining uniform pricing, optimal price discrimination and bargaining strategies and analysing their advantages a...

a r t i c l e i n f o JEL classification: O43 O16 E44 E31 Keywords: Banking sector Stock market Economic growth Granger causality ASEAN countries This paper examines the relationship between banking sector development, stock market development, economic growth, and four other macroeconomic variables in ASEAN countries for the period 1961–2012. Using principal component analysis for the construc...

This study provides a financial analysis of those firms that during the recent period of economic recession and financial market turmoil beginning in December 2007 and continuing to June 2009 either maintained or increased the total compensation packages for their chief executive officers and other executives in their firms. Specifically, this analysis will test for significant differences in t...

penalty clause or liquidated damage which is formerly agreed between parties is legally examined and accepted as a rule. although judge could in some circumstances modify this stipulation. yet its economic analysis which is focused on economic efficiency can be considered as a “major unexplained puzzle in the economic theory of law”. this article compares the major legal systems in the case of ...

the purpose of this article is to evaluate the pivotal irrigated wheat project by cost-benefit analysis method in order to find the internal rate of return and the ratio of present value of net benefits to costs.to this end, we have estimated the economic surplus created due to shift in wheat supply , as result ofimplementation ofthe project and have calculated the above criteria. we found that...