Encyclopedia of Law and Economics
Show Less

Encyclopedia of Law and Economics

Edited by Gerrit De Geest

The second, expanded edition of the acclaimed Encyclopedia represents a major update of the most authoritative reference work in the field of law and economics and the nine print volumes are now released online as a single integrated product. The Encyclopedia provides balanced and comprehensive coverage of the major domain in law and economics, including: criminal law, regulation, property law, contract law, tort law, labor and employment law, antitrust law, procedural law, and the production of legal rules. Each theme or volume is overseen by a leading scholar and each of the 156 entries is prepared by an expert in the field, providing an in-depth and authoritative overview of the individual topic, combined with an exhaustive bibliography, allowing users to access and filter the entire corpus of literature in law and economics. As with the print edition, the Encyclopedia is unique in serving both as an entry point and a platform for advanced research. The online edition is enhanced with Elgaronline’s powerful search tools, facilitating the search for key terms across the entire Encyclopedia, whilst the browse function allows users to move seamlessly between the volumes. These elements combine to create a powerful research tool for any researcher or scholar in the field of law and economics.
Show Summary Details

Contributors

Alden F. Abbott, Acting General Counsel, Federal Trade Commission, USA.

Bram Akkermans, Assistant Professor of European Private Law and Post-doctoral Fellow, Faculty of Law, Maastricht University, The Netherlands.

Alessandra Arcuri, Associate Professor of Law and Economics and of International Economic Law, Erasmus School of Law (ESL), Erasmus University Rotterdam, The Netherlands.

Enrico Baffi, Faculty of Law, University of Rome (Roma Tre), Italy.

Jonathan B. Baker, Professor of Law, Washington College of Law, American University, USA.

Lucian A. Bebchuk, William J. Friedman and Alicia Townsend Friedman Professor of Law, Economics and Finance, Harvard Law School, USA.

Nick van der Beek, Researcher, Utrecht University, The Netherlands; ZBC MultiCare, outpatient clinic for dermatology, Hilversum, The Netherlands; University of Wales, UK.

Patrick Belser, Economist, Policy Integration and Statistics Department, International Labor Organization.

Omri Ben-Shahar, University of Chicago, USA.

Jagdeep S. Bhandari, Professor of Law, Florida Coastal School of Law, USA.

David Black, Economist and Principal Consultant, Plum Consulting, UK.

Roger D. Blair, Walter K. Matherly Professor of Economics, University of Florida, USA.

Richard N. Block, Professor of Economics, School of Labor and Industrial Relations, Michigan State University, USA.

Steve Boccara, Université d’Aix-en-Provence, France.

Robert G. Bone, G. Rollie White Excellence in Teaching Professor of Law, School of Law, University of Texas at Austin, USA.

Willem H. van Boom, Erasmus University Rotterdam, The Netherlands.

Boudewijn Bouckaert, Professor of Law, Centre for Advanced Studies in Law and Economics, University of Ghent, Belgium.

James W. Bowers, Oliver P. Stockwell Professor of Law, Louisiana State University Law Center, USA.

Roger Bowles, University of York, UK.

John F. Burton, Jr, Professor Emeritus of Economics, School of Management and Labor Relations, Rutgers University, USA.

Emanuela Carbonara, Department of Economics, University of Bologna, Italy.

Celeste K. Carruthers, Assistant Professor, Department of Economics and Researcher, Center for Business and Economic Research, University of Tennessee, USA.

Alessandro Cigno, Professor of Economics, University of Florence, Italy, President of CHILD (Turin), and Fellow of CESifo (Munich) and IZA (Bonn), Germany.

George M. Cohen, Brokaw Professor of Corporate Law and Barron F. Black Research Professor of Law, University of Virginia School of Law, USA.

Mark A. Cohen, Resources for the Future, Vanderbilt University, USA.

Daniel H. Cole, Indiana University School of Law, Indianapolis, USA.

Robert Cooter, School of Law, University of California at Berkeley, USA.

Thomas F. Cotter, Briggs and Morgan Professor of Law, University of Minnesota Law School, USA.

Daniel A. Crane, Professor of Law, University of Michigan, USA.

Katalin J. Cseres, Associate Professor of Law, European Law Department, University of Amsterdam and Research Fellow, Amsterdam Centre for Law and Economics (ACLE) and Amsterdam Centre for European Law and Governance (ACELG), The Netherlands.

Péter Cserne, Senior Research Fellow, Tilburg Law and Economics Center (TILEC), Tilburg University, The Netherlands.

Patricia M. Danzon, Celia Moh Professor of Health Care Management, The Wharton School, University of Pennsylvania, USA.

Andrew F. Daughety, Professor of Economics and Professor of Law (by courtesy), Department of Economics and Law School, Vanderbilt University, USA.

Kenneth G. Dau-Schmidt, Willard and Margaret Carr Professor of Labor and Employment Law, Indiana University Maurer School of Law, USA.

Simon Deakin, Professor of Law and Programme Director, Centre for Business Research, University of Cambridge, UK.

Gerrit De Geest, Professor of Law and Director of the Center on Law, Innovation and Economic Growth, School of Law, Washington University, USA.

Jef De Mot, Faculty of Law, Ghent University, Belgium.

Ben Depoorter, Ghent University Law School, The Netherlands and University of Miami Law School, USA.

Antony W. Dnes, Professor of Economics, University of Hull Business School, UK and Professor of Economics, University of San Diego, USA.

Sjef van Erp, Professor of Civil Law and European Private Law, Maastricht University, The Netherlands.

Laarni Escresa, University of Hamburg, Germany.

Michael Faure, Professor of Comparative and International Environmental Law, Maastricht European Institute for Transnational Legal Research (METRO), Maastricht University and Professor of Comparative Private Law and Economics, Rotterdam Institute of Law and Economics (RILE), Erasmus School of Law, Erasmus University Rotterdam, The Netherlands.

Karine Fiore, Université d’Aix-en-Provence, France.

Vincy Fon, Department of Economics, George Washington University, USA.

Jonathan Barry Forman, Professor of Law, University of Oklahoma, USA.

Luigi Alberto Franzoni, University of Bologna, Italy.

Luke M. Froeb, William C. and Margaret M. Oehmig Associate Professor of Entrepreneurship and Free Enterprise, Owen Graduate School of Management, Vanderbilt University, USA.

Nuno Garoupa, University of Illinois College of Law, USA.

Oren Gazal-Ayal, University of Haifa, Faculty of Law, Israel.

Mark A. Geistfeld, New York University School of Law, USA.

Nita Ghei, Cato Institute, USA.

Shubha Ghosh, Professor of Law and Honorary Fellow and Associate Director of INSITE, University of Wisconsin–Madison, USA.

Colm Gibson, Director, FTI Consulting.

Clayton P. Gillette, Max E. Greenberg Professor of Contract Law, New York University School of Law, USA.

Mireia Artigot i Golobardes, Professor of Law, Universitat Pompeu Fabra, Spain.

Carmine Guerriero, Department of Economics, University of Amsterdam, The Netherlands.

Gillian K. Hadfield, Richard L. and Antoinette S. Kirtland Professor of Law and Professor of Economics, University of Southern California, USA.

Seth D. Harris, Professor of Law and Director of Labor and Employment Law Programs, New York University School of Law, USA.

Jeffrey L. Harrison, Stephen C. O’Connell Chair and Professor of Law, Levin College of Law, University of Florida, USA.

Adrien de Hauteclocque, Legal Secretary (Référendaire) of Judge M. van der Woude, Court of Justice of the European Union, Luxembourg and Research Associate, Loyola de Palacio Chair of the European University Institute, Florence, Italy.

Dirk Heremans, Professor Emeritus of Monetary Economics and of Law and Economics, Faculty of Business and Economics, and Faculty of Law, Katholieke Universiteit Leuven, Belgium.

Johan den Hertog, Associate Professor in Law and Economics, Faculty of Law, Economics and Governance, Utrecht University, The Netherlands.

Charlotte Hess, Associate Dean for Research, Collections and Scholarly Communication, Syracuse University Library, Syracuse, NY, USA.

Jeffrey M. Hirsch, Professor of Law, University of Tennessee, USA.

Kim Hoofs, Junior Researcher, Faculty of Law, Maastricht University, The Netherlands.

Keith N. Hylton, Honorable Paul J. Liacos Professor of Law, Boston University School of Law, USA.

David A. Hyman, Richard W. and Marie L. Corman Professor of Law and Director of the Epstein Program in Health Law and Policy, University of Illinois, USA.

Robert P. Inman, Wharton School of Business, University of Pennsylvania, USA.

Wouter Jacobs, Researcher, Utrecht University, The Netherlands.

Joyce P. Jacobsen, Andrews Professor of Economics, Wesleyan University, USA.

Louis Kaplow, Harvard Law School, USA.

Avery Wiener Katz, Vice Dean and Milton Handler Professor of Law, Columbia University, USA.

Bruce E. Kaufmam, Professor of Economics and Senior Associate for the W.T. Beebe Institute of Personnel and Employment Relations, Georgia State University, USA.

Vikramaditya S. Khanna, University of Michigan Law School, USA.

Peter P.M. van Kippersluis, Erasmus University Rotterdam, The Netherlands.

Alon Klement, Professor of Law, Radzyner School of Law, Interdisciplinary Center Herzliya, Israel.

Jonathan Klick, University of Pennsylvania Law School, USA and Faculty of Law, Erasmus University Rotterdam, The Netherlands.

Bruce H. Kobayashi, Professor of Law, George Mason University School of Law, USA.

Andreas Kontoleon, Department of Land Economy, University of Cambridge, UK.

Lewis A. Kornhauser, Alfred B. Engelberg Professor of Law, New York University School of Law, USA.

Reinier H. Kraakman, Harvard Law School, USA.

Bart Kuipers, Erasmus University Rotterdam, The Netherlands.

Vimal Kumar, Indian Institute of Technology, Kanpur.

Shmuel Leshem, Associate Professor of Law, University of Southern California, USA.

Haizhen Lin, Assistant Professor, Kelley School of Business, Indiana University, USA.

Siewert D. Lindenbergh, Erasmus University Rotterdam, The Netherlands.

Orly Lobel, Professor of Law, University of San Diego, USA.

James H. Love, Professor of International Business, University of Birmingham Business School and Academic Associate of Cambridge Judge Business School (CIBAM), UK.

Barbara Luppi, Department of Economics, University of Modena and Reggio Emilia, Italy.

Lisa M. Lynch, Dean and Professor of Labor Economics, Heller School for Social Policy and Management, Brandeis University, USA.

Richard H. McAdams, University of Chicago Law School, USA.

Cameron McKean, Foreign Investment Advisor, Australian Treasury, Australia.

Ejan Mackaay, Emeritus Professor of Law, University of Montreal, Canada.

Paul G. Mahoney, Dean, David and Mary Harrison Distinguished Professor of Law and Arnold H. Leon Professor of Law, University of Virginia School of Law, USA.

Douglas M. Mahony, Assistant Professor of Management, Moore School of Business, University of South Carolina, USA.

Eleonora C. Melato, School of Law Washington University, USA.

Michael J. Meurer, Michaels Faculty Scholar and Professor of Law, Boston University School of Law, USA.

Thomas J. Miceli, Professor, Department of Economics, University of Connecticut, USA.

Thomas J. Miles, Professor of Law, University of Chicago Law School, USA.

Boaz Moselle, Senior Managing Director, FTI Consulting.

Frank Müller-Langer, University of Hamburg, Germany.

Wallace P. Mullin, George Washington University, USA.

Janet S. Netz, Founding Partner, applEcon, USA.

Erin O’Hara O’Connor, Professor of Law, Vanderbilt University Law School, USA.

Anthony Ogus, Faculty of Law, University of Manchester, UK and University of Rotterdam, The Netherlands.

Reed Neil Olsen, Professor of Economics, Missouri State University, USA.

Elinor Ostrom, Workshop in Political Theory and Policy Analysis, Indiana University, USA.

Alessio M. Pacces, Professor of Law and Finance, Rotterdam Institute of Law and Economics (RILE), Erasmus School of Law, Erasmus University Rotterdam, The Netherlands and Research Associate, European Corporate Governance Institute (ECGI).

William H. Page, Marshall M. Criser Eminent Scholar and Senior Associate Dean for Academic Affairs, Levin College of Law, University of Florida, USA.

Francesco Parisi, University of Minnesota School of Law, USA and Department of Economics, University of Bologna, Italy.

Yannick Perez, Associate Professor of Economics, University of Paris-Sud 11, France.

Pierre Pestieau, Professor Emeritus, Université de Liège and member of CORE, Université Catholique de Louvain, Belgium.

Niels J. Philipsen, Associate Professor, Maastricht European Institute for Transnational Legal Research (METRO), Faculty of Law, Maastricht University, The Netherlands.

Henri Piffaut, Deputy Head of Unit, DG Competition, European Commission.

A. Mitchell Polinsky, Stanford Law School, Stanford University, USA.

Fernando Gómez Pomar, Professor of Law and Economics, Universitat Pompeu Fabra, Spain.

Donatella Porrini, Associate Professor of Economic Policy, Department of Economics and Quantitative Methods, University of Salento and member of the Euro-Mediterranean Centre on Climate Change (CMCC), Italy.

Robert A. Prentice, Ed and Molly Smith Centennial Professor of Business Law, McCombs School of Business, University of Texas at Austin, USA.

Reza Rajabiun, York University, Canada.

Jennifer F. Reinganum, E. Bronson Ingram Professor of Economics and Professor of Law (by courtesy), Department of Economics and Law School, Vanderbilt University, USA.

Andrea Renda, Senior Research Fellow, Centre for European Policy Studies (CEPS), Belgium.

Richard L. Revesz, New York University School of Law, USA.

Larry E. Ribstein, Mildred Van Voorhis Jones Professor of Law, University of Illinois College of Law, USA.

Neil Rickman, Professor of Economics, University of Surrey, UK and part-time Chair of Costs and Benefits of Regulation, Erasmus School of Law, Erasmus University Rotterdam, The Netherlands.

Limor Riza, University of Haifa, Faculty of Law, Israel.

Paul H. Rubin, Dobbs Professor of Economics, Department of Economics, Emory University, USA and Editor, Managerial and Decision Economics.

Daniel L. Rubinfeld, School of Law and Department of Economics, University of California at Berkeley, USA.

Chris William Sanchirico, Samuel A. Blank Professor of Law, Business and Public Policy, University of Pennsylvania Law School and Wharton School, USA.

Paolo Santella, Central Bank of Italy, Italy.

Hans-Bernd Schäfer, Bucerius Law School and University of Hamburg, Germany.

Stewart J. Schwab, Allan R. Tessler Dean and Professor of Law, Cornell University, USA.

Sidney A. Shapiro, University Distinguished Chair in Law, Wake Forest University, USA.

Steven Shavell, Harvard Law School, USA.

Joanna M. Shepherd, Emory University School of Law, USA

Stergios Skaperdas, University of California, Irvine, USA.

Donald J. Smythe, Professor of Law, California Western School of Law, USA.

Duncan Snidal, Nuffield College, University of Oxford, UK.

Christopher M. Snyder, Dartmouth College, USA.

Jeffrey Evans Stake, Robert A. Lucas Chair of Law, Indiana University Maurer School of Law, USA.

Alex Stein, Professor of Law, Cardozo Law School, USA.

Michael Ashley Stein, Executive Director of the Harvard Project on Disability, Harvard Law School and Professor of Law, William and Mary College, USA.

Paul B. Stephan, School of Law, University of Virginia, USA.

Frank H. Stephen, Professor of Regulation and Head of the School of Law, University of Manchester, UK.

Katherine V.W. Stone, Professor of Law, University of California, Los Angeles, USA.

Edward Peter Stringham, Fayetteville State University, North Carolina, USA.

Timothy Swanson, Department of Economics, University College London, UK.

Randall S. Thomas, John S. Beasley II Professor of Law and Business and Director of the Law and Business Program, Vanderbilt University, USA.

Alexander Thompson, Department of Political Science, Ohio State University, USA.

Arthur R. Traynor, Associate with firm of Phillips & Richard P.A., Miami, Florida, USA.

Thomas S. Ulen, University of Illinois College of Law, USA.

Ann-Sophie Vandenberghe, Assistant Professor of Law and Economics, Erasmus School of Law, Rotterdam Institute of Law and Economics, Erasmus University Rotterdam, The Netherlands.

Roger J. Van den Bergh, Professor of Law and Economics and Director, Rotterdam Institute of Law and Economics (RILE), Erasmus School of Law, Erasmus University Rotterdam, The Netherlands.

Ben C.J. van Velthoven, Leiden University, The Netherlands.

J.H. Verkerke, Professor of Law and Director of the Program for Employment and Labor Law Studies, University of Virginia, USA.

Louis T. Visscher, Erasmus University Rotterdam, The Netherlands.

Stefan Voigt, Department of Economics, University of Hamburg, Germany.

Gerhard Wagner, Bonn University, Germany.

Jenny Wahl, Professor of Economics, Carleton College, USA.

Steven Walt, Percy Brown Jr. Professor, University of Virginia School of Law, USA.

Georg von Wangenheim, Faculty of Law, University of Kassel, Germany.

Klaus Wehrt, Professor of Economics and Statistics, Hochschule Harz, Germany.

Hoyt N. Wheeler, Professor of Management and Business Partnership, and Foundation Fellow in the Moore School of Business, University of South Carolina, USA.

Martin White, Consultant, FTI Consulting.

Abraham L. Wickelgren, Bernard J. Ward Centennial Professor, School of Law, University of Texas at Austin, USA.

Peter van Wijck, Assistant Professor of Economics, Leiden University and Coordinator Strategy Development, Dutch Ministry of Justice, The Netherlands.

Frank Wilkinson, Visiting Professor of Economics, Birkbeck College, University of London and Research Associate, Centre for Business Research, University of Cambridge, UK.

Christopher T. Wonnell, Professor of Law, University of San Diego School of Law, USA.

Stephen A. Woodbury, Professor of Economics and Senior Economist for the W.E. Upjohn Institute for Employment Research, Michigan State University, USA.

Joshua D. Wright, Assistant Professor of Law, George Mason University School of Law, USA.

Qi Zhou, Lecturer in Law, University of Sheffield, UK.

Jonas Zoninsein, Professor of Economics, James Madison College, Michigan State University, USA.

Todd J. Zywicki, George Mason University School of Law, USA.