Economics of Remedies

Edited by Ariel Porat, Alain Poher Professor of Law, Tel Aviv University, Israel and Fischel-Neil Distinguished Visiting Professor of Law, University of Chicago, US

‘For lawyers, academics and students immersed in this area, the book provides a fascinating journey. . . Meticulously footnoted throughout, the book is certainly a treasure trove of resource materials for further research in this field if you want to explore it in even greater depth.’

• Contents: AcknowledgementsIntroduction Ariel Porat PART I PROPERTY RULES AND LIABILITY RULES 1. Guido Calabresi and A. Douglas Melamed (1972), ‘Property Rules, Liability Rules and Inalienability: One View of The Cathedral’2. Lucian Arye Bebchuk (2001), ‘Property Rights and Liability Rules: The Ex Ante View of the Cathedral’3. Ronen Avraham (2004) ‘Modular Liability Rules’4. Barbara Luppi and Francesco Parisi (2011), ‘Toward an Asymmetric Coase Theorem’PART II EFFICIENT BREACH: DAMAGES VS. SPECIFIC PERFORMANCE5. Anthony T. Kronman (1977–1978), ‘Specific Performance'6. Alan Schwartz (1979), ‘The Case For Specific Performance’7. Thomas S. Ulen (1984–1985), ‘The Efficiency of Specific Performance: Toward a Unified Theory of Contract Remedies’8. Richard Craswell (1988), ‘Contract Remedies, Renegotiation, and the Theory of Efficient Breach’ PART III THE MEASURE OF RECOVERY 9. Robert Cooter and Melvin Aron Eisenberg (1985), ‘Damages For Breach of Contract’ 10. Louis Kaplow and Steven Shavell (1996), ‘Accuracy in the Assessment of Damages’11. A. Mitchell Polinksy and Steven Shavell (1998), ‘Punitive Damages: An Economic Analysis’12. Charles J. Goetz and Robert E. Scott (1977), ‘Liquidated Damages, Penalties and the Just Compensation Principle: Some Notes on an Enforcement Model and a Theory of Efficient Breach’PART IV THE SCOPE OF LIABILITY 13. W. Bishop (1982), ‘Economic Loss in Tort’ 14. Samuel A. Rea Jr. (1982), ‘Nonpecuniary Loss and Breach of Contract’ 15. David Friedman (1982), ‘What is “Fair Compensation” for Death or Injury’ 16. Richard A. Epstein (1989), ‘Beyond Foreseeability: Consequential Damages in the Law of Contract’PART V PARTIAL COMPENSATION17. Saul Levmore (1990), ‘Probabilistic Recoveries, Restitution, and Recurring Wrongs’ 18. Ariel Porat (2007), ‘Offsetting Risks’