National Science Library of Georgia

Optional law

Ayres, Ian.

Optional law the structure of legal entitlements / [electronic resource] : Ian Ayres. - University of Chicago Press, c2005. - 1 online resource (x, 284 p.)

Includes bibliographical references (p. [201]-269) and index.

Puts as well as calls -- Single-chooser rules -- Dual-chooser rules -- Higher-order liability rules -- Correlated values -- Multiple takings -- Relaxing other (administrative, informational & cognitive) assumptions -- Bargaining in the shadow of different regimes / Ian Ayres and Eric Talley -- Testing the bargaining model -- The property/liability rule debate.

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.

9780226033488 (electronic bk.) 0226033481 (electronic bk.)


Law--Mathematical models.
Real options (Finance)--Mathematical models.
Property.
Remedies (Law)
Droit--Modèles mathématiques.
Options réelles (Finances)--Modèles mathématiques.
Propriété
Voies de droit.
LAW--Administrative Law & Regulatory Practice.
Optiehandel.
Juridische aspecten.
Wiskundige modellen.


Electronic books.

K487.E3 / A997 2005eb

346.7303
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