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Author Ayres, Ian, 1959-

Title Optional law : the structure of legal entitlements / Ian Ayres
Published Chicago : University of Chicago Press, [2005]
Online access available from:
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Description 1 online resource (x, 284 pages)
Contents Puts as well as calls -- Single-chooser rules -- Dual-chooser rules -- Higher-order liability rules -- Correlated values -- Multiple takings -- Relaxing other (administrative, informational & cognitive) assumptions -- Bargaining in the shadow of different regimes / Ian Ayres and Eric Talley -- Testing the bargaining model -- The property/liability rule debate
Summary Spurred by the advances in option theory that have been remaking financial and economic scholarship over the past thirty years, a revolution is taking shape in the way legal scholars conceptualize property and the way it is protected by the law. Ian Ayres's Optional Law explores how option theory is overthrowing many accepted wisdoms and producing tangible new tools for courts in deciding cases. Ayres identifies flaws in the current system and shows how option theory can radically expand and improve the ways that lawmakers structure legal entitlements
Bibliography Includes bibliographical references (pages 201-269) and index
Notes Print version record
Subject Law -- Mathematical models.
Real options (Finance) -- Mathematical models.
Remedies (Law)
Form Electronic book
LC no. 2004022301
ISBN 0226033465 (cloth ; alk. paper)
0226033481 (electronic bk.)
9780226033464 (cloth ; alk. paper)
9780226033488 (electronic bk.)