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Lawlessness and Economics:
Alternative Modes of Governance
Avinash K. Dixit

Book Description | Reviews
Chapter 1 [in PDF format]

TABLE OF CONTENTS:

Preface vii
1. Economics With and Without the Law 1
1.1 The Need for Economic Governance 1
1.2 Economics Taking the Law for Granted 2
1.3 "Lawlessness and Economics "in Context 5
1.4 Law and Economics 9
1.5 Economics in the Shadow of the Law 10
1.6 Other Institutions of Economic Governance 12
1.7 Some Basic Analytical Apparatus 14
1.8 Approach of the Book 21
2. Private Ordering in the Shadow of the Law 25
2.1 Issues and Empirical Research 25
2.2 Bargaining When the Law is a Backstop 29
2.3 Relational and Formal Contracts 32
2.4 Arbitration and Information 40
2.5 Assessment and Prospects 48
2.6 Mathematical Appendix 50
3. Relation-Based Contract Enforcement 59
3.1 Issues and Empirical Research 59
3.2 Relation-Based and Rule-Based Governance 65
3.3 Limits of Relation-Based Governance 67
3.4 Related Theoretical Models 76
3.5 Assessment and Prospects 78
3.6 Mathematical Appendix 86
4. Profit-Motivated Contract Enforcement 97
4.1 Issues and Empirical Research 97
4.2 The Structure of the Model 101
4.3 Information Intermediaries 103
4.4 Enforcement Intermediaries 107
4.5 Assessment and Prospects 110
4.6 Mathematical Appendix 111
5. Private Protection of Property Rights 125
5.1 Issues and Empirical Research 125
5.2 Production and Protection under Anarchy 131
5.3 For-Profit Private Protection 133
5.4 A Predatory State and Its Citizens 138
5.5 Assessment and Prospects 143
5.6 Mathematical Appendix 144
6. Conclusion 149
6.1 Implications for Institutions and Policies 149
6.2 Implications for Future Research 153
References 155
Index 163

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File created: 11/11/2014

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