Rasmusen's Top Ten Law and Economics List, March 7, 2001

This is a page in imitation of Ivo Welch's finance list of top ideas.

  1. The Coase Theorem

  2. Optimal Breach and Expectation Damages

  3. The Least-Cost-Avoider Principle
  4. Property vs. Liability Rules

  5. Default Contract Rules Replicating Desired Terms

  6. The Hand Rule for Negligence

URL: Php.indiana.edu/~erasmuse/Top.Ten.LEC.htm. Indiana University, Department of Business Economics and Public Policy, in the Kelley School of Business , BU 456, 1309 East Tenth Street, Bloomington, Indiana 47405-1701, (812)855-9219. Comments: Erasmuse@Indiana.edu.