Economic Efficiency in Law and Economics

by Richard O. Zerbe Jr.

Book Overview

In this path-breaking book, Richard Zerbe introduces a new way to think about the concept of economic efficiency that is both consistent with its historical derivation and more useful than concepts currently used. He establishes an expanded version of Kaldor-Hicks efficiency as an axiomatic system that performs the following tasks: the new approach obviates certain technical and ethical criticisms that have been made of economic efficiency; it answers...

• Format: Paperback
• Language: English
• ISBN: 184064611X
• ISBN13: 9781840646115
• Release Date: November 2002
• Publisher: Edward Elgar Publishing
• Length: 336 Pages