3 (p1): ONE Introduction4 (p1-1): 1. Efficiency Concepts7 (p1-2): 2. The Coase Theorem10 (p1-3): 3. Themes11 (p1-4): 4. Plan of the Book15 (p2): TWO The Economics of Tort Law: The Basic Model16 (p2-1): 1. The Basic Accident Model20 (p2-2): 2. The Hand Rule and Causation25 (p2-3): 3. Individualized versus Average Standards: The Reasonable Person27 (p2-4): 4. Activity Levels and Accident Risk33 (p2-5): 5. Issues in the Determination of Damages37 (p2-6): 6. Summary39 (p3): THREE The Economics of Tort Law: Extensions39 (p3-1): 1. Litigation Costs44 (p3-2): 2. The Impact of Uncertainty About Legal Standards, Causation,and Risk58 (p3-3): 3. Sequential Care Torts and Strategic Behavior70 (p3-4): 4. Summary71 (p4): FOUR The Economics of Contract Law: Remedies for Breach72 (p4-1): 1. Court-Imposed Damage Remedies76 (p4-2): 2. Risk Sharing and Remedies for Breach78 (p4-3): 3. Asymmetric Information and Limited Liability for Breach83 (p4-4): 4. Liquidated Damages87 (p4-5): 5. Specific Performance91 (p4-6): 6. Summary92 (p5): FIVE The Economics of Contract Law:Mistake,Impossibility,and Other Doctrines93 (p5-1): 1. Offer,Acceptance,and Consideration93 (p5-2): 2. Formation Defenses101 (p5-3): 3. Performance Excuses107 (p5-4): 4. Contract Modification:The Preexisting Duty Rule114 (p5-5): 5. Summary115 (p6): SIX The Economics of Property Law116 (p6-1): 1. Property Rules and Liability Rules119 (p6-2): 2. Controlling Externalities:Formal Analysis127 (p6-3): 3. Land Transfer136 (p6-4): 4. Summary137 (p7): SEVEN Government Taking and Regulation of Private Property137 (p7-1): 1. The Economics of Eminent Domain145 (p7-2): 2. Regulation and Takings155 (p7-3): 3. Summary156 (p8): EIGHT The Economics of Litigation and Settlement157 (p8-1): 1. The Differing Perceptions Model164 (p8-2): 2. The Asymmetric Information Model166 (p8-3): 3. The Impact of Different Cost-Allocation Rules173 (p8-4): 4. Discovery178 (p8-5): 5. Application:The Decision of…