This book addresses the lively interaction between the disciplines of law and economics. The traditional boundaries of these two disciplines have somehow inhibited a full understanding of the functioning of and the evolution of economic and legal systems. It has often been the case that these boundaries have had to be reshaped, and sometimes abolis

Introduction 1. Law, Economics and Institutional Complexity: An Introduction Part 1: Complexity in Law and Economics 2. Economics in the Future of the Law 3. Law and Economics in Historic Perspective 4. Legal Positions and Institutional Complementarities 5. Legislate Today or Wait Until Tomorrow?: An Investment Approach to Lawmaking Part 2: Private Orderings, Efficiency and the Role of the State 6. The Enforcement of Contracts and the Role of the State 7. Minimal Liberty and the 'Coasean Liberal': Setting Boundaries and Complementarities betweenthe State and the Market 8. Private Orderings and Intellectual Property: What is it the Best Incentive System? 9. Fairness and Welfare: are they Really Competing Values? Part 3: Contractual Incompleteness and the Nature of Endogenous Enforcement 10. Costly Contingent Contracts: A Failure of the Coase Theorem 11. Game-Theoretic Solutions to Endogenous Contractual Incompleteness 12.Customary Contracts 13.Group Relations and Industrial Districts Part 4: Governance Models and Corporate Ethics 14. What is a Corporation?: The Corporate Personality Controversy and Comparative Corporate Governance 15. Fiduciary Duties, Models of Firms and Organizational Theories in the Context of RelationalInterdependencies 16. Incomplete Contracts and Corporate Ethics: A Game Theoretical Model under Fuzzy Information