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The Economics of Civil and Common Law by Zagros Madjd-Sadjadi

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CHAPTER 6

Other Laws

In this concluding chapter, we examine a hodgepodge of other laws including environmental law, international law, family law, discrimination law, and tax law. We could consider other laws but those would be the subject of another book. Our purpose is to introduce various topics and provide the reader with the ability to see that economics can be used to analyze any type of law.

Key Economic Concepts

ability-to-pay principle

benefits-received principle

Coase theorem

international enforcement problem

Laffer curve

Lorax Problem

Pigouvian tax

political transaction costs

progressive tax

proportionate tax

regressive tax

socially optimal quantity

“taste” for discrimination

tax incidence

tradable emission permits

Key Legal and ...

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