Edited by Eric A. Posner, Kirkland and Ellis Professor of Law, University of Chicago Law School, US

• Contents:AcknowledgementsIntroduction Eric A. PosnerPART IGENERAL THEORIES 1. Robert Cooter (1997), ‘Normative Failure Theory of Law’2. Robert C. Ellickson (1986), ‘Of Coase and Cattle: Dispute Resolution Among Neighbors in Shasta County’3. Richard H. McAdams (1997), ‘The Origin, Development, and Regulation of Norms’4. Randal C. Picker (1997), ‘Simple Games in a Complex World: A Generative Approach to the Adoption of Norms’5. Eric A. Posner (1998), ‘Symbols, Signals, and Social Norms in Politics and the Law’PART IINORMS AND EFFICIENCY 6. Paul G. Mahoney and Chris W. Sanchirico (2001), ‘Competing Norms and Social Evolution: Is the Fittest Norm Efficient?’7. Eric A. Posner (1996), ‘Law, Economics, and Inefficient Norms’PART IIIBUSINESS CUSTOM 8. Lisa Bernstein (1992), ‘Opting Out of the Legal System: Extralegal Contractual Relations in the Diamond Industry’9. Richard A. Epstein (1992), ‘The Path to The T.J. Hooper: The Theory and History of Custom in the Law of Tort’PART IVAPPLICATIONS 10. George A. Akerlof (1980), ‘A Theory of Social Custom, of Which Unemployment May Be One Consequence’11. Robert Cooter and Ariel Porat (2001), ‘Should Courts Deduct Nonlegal Sanctions From Damages?’12. Dan M. Kahan and Eric A. Posner (1999), ‘Shaming White-collar Criminals: A Proposal for Reform of the Federal Sentencing Guidelines’13. Gertrud M. Fremling and Richard A. Posner (1999), ‘Status Signaling and the Law, With Particular Application to Sexual Harassment’PART VEMPIRICAL AND HISTORICAL WORK 14. Uri Gneezy and Aldo Rustichini (2000), ‘A Fine is a Price’15. Avner Greif, Paul Milgrom and Barry R. Weingast (1994), ‘Coordination, Commitment, and Enforcement: The Case of the Merchant Guild’16. Paul R. Milgrom, Douglass C. North and Barry R. Weingast (1990), ‘The Role of Institutions in the Revival of Trade: The Law Merchant, Private Judges, and the Champagne Fairs’Name Index

Edited by Eric A. Posner, Kirkland and Ellis Professor of Law, University of Chicago Law School, US

• Contents:AcknowledgementsIntroduction Eric A. PosnerPART IGENERAL THEORIES 1. Robert Cooter (1997), ‘Normative Failure Theory of Law’2. Robert C. Ellickson (1986), ‘Of Coase and Cattle: Dispute Resolution Among Neighbors in Shasta County’3. Richard H. McAdams (1997), ‘The Origin, Development, and Regulation of Norms’4. Randal C. Picker (1997), ‘Simple Games in a Complex World: A Generative Approach to the Adoption of Norms’5. Eric A. Posner (1998), ‘Symbols, Signals, and Social Norms in Politics and the Law’PART IINORMS AND EFFICIENCY 6. Paul G. Mahoney and Chris W. Sanchirico (2001), ‘Competing Norms and Social Evolution: Is the Fittest Norm Efficient?’7. Eric A. Posner (1996), ‘Law, Economics, and Inefficient Norms’PART IIIBUSINESS CUSTOM 8. Lisa Bernstein (1992), ‘Opting Out of the Legal System: Extralegal Contractual Relations in the Diamond Industry’9. Richard A. Epstein (1992), ‘The Path to The T.J. Hooper: The Theory and History of Custom in the Law of Tort’PART IVAPPLICATIONS 10. George A. Akerlof (1980), ‘A Theory of Social Custom, of Which Unemployment May Be One Consequence’11. Robert Cooter and Ariel Porat (2001), ‘Should Courts Deduct Nonlegal Sanctions From Damages?’12. Dan M. Kahan and Eric A. Posner (1999), ‘Shaming White-collar Criminals: A Proposal for Reform of the Federal Sentencing Guidelines’13. Gertrud M. Fremling and Richard A. Posner (1999), ‘Status Signaling and the Law, With Particular Application to Sexual Harassment’PART VEMPIRICAL AND HISTORICAL WORK 14. Uri Gneezy and Aldo Rustichini (2000), ‘A Fine is a Price’15. Avner Greif, Paul Milgrom and Barry R. Weingast (1994), ‘Coordination, Commitment, and Enforcement: The Case of the Merchant Guild’16. Paul R. Milgrom, Douglass C. North and Barry R. Weingast (1990), ‘The Role of Institutions in the Revival of Trade: The Law Merchant, Private Judges, and the Champagne Fairs’Name Index

Edited by Eric A. Posner, Kirkland and Ellis Professor of Law, University of Chicago Law School, US

• Contents:AcknowledgementsIntroduction Eric A. PosnerPART IGENERAL THEORIES 1. Robert Cooter (1997), ‘Normative Failure Theory of Law’2. Robert C. Ellickson (1986), ‘Of Coase and Cattle: Dispute Resolution Among Neighbors in Shasta County’3. Richard H. McAdams (1997), ‘The Origin, Development, and Regulation of Norms’4. Randal C. Picker (1997), ‘Simple Games in a Complex World: A Generative Approach to the Adoption of Norms’5. Eric A. Posner (1998), ‘Symbols, Signals, and Social Norms in Politics and the Law’PART IINORMS AND EFFICIENCY 6. Paul G. Mahoney and Chris W. Sanchirico (2001), ‘Competing Norms and Social Evolution: Is the Fittest Norm Efficient?’7. Eric A. Posner (1996), ‘Law, Economics, and Inefficient Norms’PART IIIBUSINESS CUSTOM 8. Lisa Bernstein (1992), ‘Opting Out of the Legal System: Extralegal Contractual Relations in the Diamond Industry’9. Richard A. Epstein (1992), ‘The Path to The T.J. Hooper: The Theory and History of Custom in the Law of Tort’PART IVAPPLICATIONS 10. George A. Akerlof (1980), ‘A Theory of Social Custom, of Which Unemployment May Be One Consequence’11. Robert Cooter and Ariel Porat (2001), ‘Should Courts Deduct Nonlegal Sanctions From Damages?’12. Dan M. Kahan and Eric A. Posner (1999), ‘Shaming White-collar Criminals: A Proposal for Reform of the Federal Sentencing Guidelines’13. Gertrud M. Fremling and Richard A. Posner (1999), ‘Status Signaling and the Law, With Particular Application to Sexual Harassment’PART VEMPIRICAL AND HISTORICAL WORK 14. Uri Gneezy and Aldo Rustichini (2000), ‘A Fine is a Price’15. Avner Greif, Paul Milgrom and Barry R. Weingast (1994), ‘Coordination, Commitment, and Enforcement: The Case of the Merchant Guild’16. Paul R. Milgrom, Douglass C. North and Barry R. Weingast (1990), ‘The Role of Institutions in the Revival of Trade: The Law Merchant, Private Judges, and the Champagne Fairs’Name Index