Read Optional Law: The Structure of Legal Entitlements

Optional Law: The Structure of Legal Entitlements

Ian Ayres

4.9/5 (32596 ratings)

Description: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. An option-based system, Ayres shows, gives parties the option to purchaseOCoor the option to sellOCothe relevant legal entitlement. Choosing to exercise a legal option forces decisionmakers to reveal information about their own valuation of the entitlement. And, as with auctions, entitlements in option-based law naturally flow to those who value them the most. Seeing legal entitlements through this lens suggests a variety of new entitlement structures from which lawmakers might choose. "Optional Law" provides a theory for determining which structure is likely to be most effective in harnessing parties' private information.Proposing a practical approach to the foundational question of how to allocate and protect legal rights, "Optional Law" will be applauded by legal scholars and professionals who continue to seek new and better ways of fostering both equitable and efficient legal rules."We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Optional Law: The Structure of Legal Entitlements. To get started finding Optional Law: The Structure of Legal Entitlements, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Pages: 296

Format: PDF, EPUB & Kindle Edition

Publisher: Not Avail

Release: 2014

ISBN: 0226033481

Description: 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. An option-based system, Ayres shows, gives parties the option to purchaseOCoor the option to sellOCothe relevant legal entitlement. Choosing to exercise a legal option forces decisionmakers to reveal information about their own valuation of the entitlement. And, as with auctions, entitlements in option-based law naturally flow to those who value them the most. Seeing legal entitlements through this lens suggests a variety of new entitlement structures from which lawmakers might choose. "Optional Law" provides a theory for determining which structure is likely to be most effective in harnessing parties' private information.Proposing a practical approach to the foundational question of how to allocate and protect legal rights, "Optional Law" will be applauded by legal scholars and professionals who continue to seek new and better ways of fostering both equitable and efficient legal rules."We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Optional Law: The Structure of Legal Entitlements. To get started finding Optional Law: The Structure of Legal Entitlements, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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Optional Law: The Structure of Legal Entitlements

Optional Law: The Structure of Legal Entitlements

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