OUTLINE
PREFACE
TABLE OF CASES………………………………XVII
Chapter One. Introduction
Chapter Two. An Introduction to Price
Theory
A. Demand， Supply and Market Equilibrium
1. Demand
2. Supply
3. Market Equilibrium
B. Elasticity..
1. Generally ...
2. Incidence Analysis
C. Perfect and Imperfect Markets
D. Marginal Analysis Generally
Chapter Three. Terms and Controver
sies in Law and Economics
A. Efficiiency
1. Allocative Efficiency
2. Pareto Optimality and Superiority
3. Kaldor-Hicks Efficiency 35
B. Rational Maximizer of Self-Interest
C. Choices and Preferences
1. The Wealth Effect
2. Framing Problems
3. False Consciousness
D. Externalities
1. Negative Externalities and Property Right
2. Positive Externalities， Free-Riding and Public Goods
E. Complications
1. Lexical Ordering
2. Exogenous and Endogenous Effects
3. The Theory of Second Best
4. Variations in a Sense of Justice and Entitlement
Chapter Four. The Coase Theorem and Related Property Issues
A. The Coase Theorem
1. Allocative Implications
2. Assignment of Rights and Distributive Effects
3. Transaction Costs
B. Bargaining Problems
C. The Wealth Effect
D. Reactions to Transaction Costs
1. Duplicating Friction-Free Exchanges
2. Asymmetrical Transaction Costs
E. Protecting Entitlements
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