Features:
- Two new chapters, one on intellectual property, one on international and comparative law, both exploding fields of great importance.
- Earlier editions' questions have been converted to answers, making the book more accessible and informative.
- Revised to be clearer and less technical.
- More eclectic, reflecting recent criticisms of "rational choice" theory, in particular the need to supplement it with insights from psychology.
- Greater attention paid to judicial behavior, realistically modeled and explained in economic terms.
- Incorporates insights from the veritable explosion of books and articles published in the last few years on economic analysis of law.