ABSTRACT

This is one of the first volumes that uses economic tools to analyse and evaluate law and policy in India. Applying economic theories such as incentive analysis, cost–benefit studies, and game theory, the essays in the volume negotiate contentious issues in law including property, contracts, torts, nuclear liability regime, bankruptcy law, criminal law and procedure, constitutional law, administrative law, environmental law, and family law.

A radical take on commercial and socio-legal issues in India, this book will greatly interest scholars and researchers of law, political economy, and public policy.

part I|57 pages

Property rights

chapter 3|12 pages

The economic analysis of blackmail

The case for an alternate legal regime

part II|36 pages

Contract theory and efficiency

chapter 4|16 pages

‘Best efforts'

Search for the optimal performance standard – an economic analysis

chapter 5|18 pages

The economically efficient expropriation

An economic analysis of expropriation under international investment law

part IV|40 pages

Game theory and law

part V|100 pages

Regulatory economics and markets

chapter 11|23 pages

The limits of democracy

An economic analysis of countermajoritarian institutions

chapter 13|30 pages

An economic analysis of Indian pharmaceutical pricing policy

Drugs (Prices Control) Order, 2013

part VI|52 pages

Economic analysis of media laws

chapter 15|23 pages

Comparative advertising

Case analysis of Colgate Palmolive v. Hindustan Unilever Ltd