Law, Economics, and Game Theory - by John Cirace (Hardcover)

About the Book

This book uses game theory to explain conflict between individual self-interested behavior and cooperation in economic markets, lawsuits, and legislative bodies. It demonstrates the need for social regulation in addition to free markets and judicial decisions in common law cases.

Book Synopsis

This book uses game theory to explain conflict between individual self-interested behavior and cooperation in economic markets, lawsuits, and legislative bodies. It demonstrates the need for social regulation in addition to free markets and judicial decisions in common law cases.

Review Quotes

Law and Economics is an important field by now. Law students, judges, lawyers, legal commentators cannot understand the law without being familiar with Law and Economics. This books provides for a very useful introduction to the subject with two important twists. First, it uses the rigor and sophistication of Game Theory to survey the main areas of the common law from the perspective of Law and Economics. Second, it illustrates the technical aspects with actual caselaw, thus helping the reader to relate Game Theory and legal decisions. Professor Cirace makes Law, Economics and Game Theory a friendly reading to everyone with an interest in legal policymaking.

About the Author

John Cirace is professor of economics and business law at Lehman College, CUNY, and adjunct professor of law at Brooklyn Law School.