Jose K, Joseph; Dr.Sudarsanan, Pillai P(Cochin University Of Science And Technology, January 5, 1995)
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Abstract:
The focus of the present study is on issues related
to Legal—Economics. The economic approach to legal issues is
based on the belief held by both legal professionals and
economists that law and economics are complementary
disciplines and that collaboration is highly beneficial.The
principles of economic analysis can help our understanding of
the law. Economic approach has important effects on the costs
and benefits that prospective litigants may expect from
litigation and their decisions to litigate or to settle out of
court. Economic consideration is also helpful to understand I
1 the significance of litigation costs, the practical problems
of legal administration and the provision of legal servicesz.
The economic approach to law is mainly based on the belief
held by some economists that the core of economics, the theory
of choice is in principle- applicable to all human and
institutional behaviour.
Description:
Department Of Applied Economics
Cochin University Of Science And Technology