Introduction Traditional law and economics is built on the assumption of rational actors who consistently make decisions that maximize their utility. This framework has provided powerful insights into how legal
Month: October 2024
The Economics of Tax Evasion and Legal EnforcementThe Economics of Tax Evasion and Legal Enforcement
Introduction Taxation is the backbone of modern states, providing the resources necessary for public goods, infrastructure, and welfare. However, tax evasion undermines state capacity, distorts economic efficiency, and exacerbates inequality.
Economic Efficiency of Tort Liability RulesEconomic Efficiency of Tort Liability Rules
Introduction Tort liability rules play a central role in shaping incentives, allocating risks, and influencing economic efficiency. At their core, tort laws determine how costs from accidents and wrongful conduct