Law and Economics
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In this article, the writer discusses that the cases of Miller et al. v. Schoene (1928) and Boomer v. Atlantic Cement Co. (1970) both touch upon similar issues in law and economics related to property and liability. The writer argues, in comparing and contrasting the rulings in the two cases, that in evaluating real world circumstances and cases the law does not reflect pure economic analysis of these questions but, rather, has tended to treat negative externalities by a liability rule as opposed to a property rule.
From the Paper:"The case of Miller et al. v. Schoene represents a particularly interesting case given that the court was ruling on a case in which it had to balance ..."
Cite this Analytical Essay:
Law and Economics (2006, December 01) Retrieved June 06, 2020, from https://www.academon.com/analytical-essay/law-and-economics-130568/
"Law and Economics" 01 December 2006. Web. 06 June. 2020. <https://www.academon.com/analytical-essay/law-and-economics-130568/>