Ch. 1. Introduction. A. Efficiency and Utility Maximization. B. Efficiency and Wealth Maximization. C. Comparing Utility and Wealth Maximization: The Pareto Criteria and the Role of Compensation. D. Efficiency and Equity -- Ch. 2. Economics of Contract Law. A. The Economic Functions of Contract. B. Exchange, Efficiency and Unenforceability. C. Efficient Breaches. D. Efficient Remedies. E. The Limits of Contract
Notes
"Reprinted from Barnes and Stout's 'Cases and materials on law and economics' (West, 1992)."