Introduction Economic inequality is one of the defining challenges of the 21st century. The widening gap between the wealthy and the poor has profound social, political, and economic consequences. While
Property Rights and Economic Growth: A Comparative StudyProperty Rights and Economic Growth: A Comparative Study
Introduction The relationship between property rights and economic growth has long been a central theme in economics, political science, and development studies. Secure property rights are often cited as a
Consumer Protection Laws and Market EfficiencyConsumer Protection Laws and Market Efficiency
Introduction Consumer protection laws are a cornerstone of modern market economies, designed to safeguard individuals from fraud, unfair practices, and exploitation. These laws aim to create a fair marketplace by
Cost-Benefit Analysis in Legal Decision-MakingCost-Benefit Analysis in Legal Decision-Making
Introduction Cost-benefit analysis (CBA) has become a central tool in evaluating public policies, regulations, and legal decisions. Rooted in welfare economics, it provides a structured way to compare the expected
Antitrust Law and Innovation: Striking a BalanceAntitrust Law and Innovation: Striking a Balance
Introduction Antitrust law, also known as competition law, is designed to promote fair competition, prevent monopolistic practices, and protect consumer welfare. At the same time, innovation thrives in competitive markets
Behavioral Law and Economics: Limits of Rationality in Legal SystemsBehavioral Law and Economics: Limits of Rationality in Legal Systems
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
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
Intellectual Property Law and Economic InnovationIntellectual Property Law and Economic Innovation
Introduction Intellectual Property (IP) law plays a pivotal role in shaping the landscape of economic innovation. By granting creators exclusive rights to their inventions, designs, and creative works, IP law