Law and Economics in India
Understanding and practice

This is one of the first volumes that uses economic tools to analyse and evaluate law and policy in India. Applying economic theories such as incentive analysis, cost?benefit studies, and game theory, the essays in the volume negotiate contentious issues in law including property, contracts, torts, nuclear liability regime, bankruptcy law, criminal law and procedure, constitutional law, administrative law, environmental law, and family law.

A radical take on commercial and socio-legal issues in India, this book will greatly interest scholars and researchers of law, political economy, and public policy.

Figures and Tables. Preface. Acknowledgements. Contributors. Introduction. PART I: Property Rights 1. Economic Analysis of Environmental Law and Policy Esha Goel 2. Economic Analysis of Carbon Credit Laws Jashaswi Ghosh 3. The Economic Analysis of Blackmail: The Case for an Alternative Legal Regime Anamika Ray PART II: Contract Theory and Efficiency 4. "Best Efforts": Search for the Optimal Performance Standard – An Economic Analysis Supratim Guha and Amudavalli Kannan 5. The Economically Efficient Expropriation: An Economic Analysis of Expropriation under International Investment Law Kaustubh Rastogi and Shubhangi Roy PART III: Economics of Corporate Law 6. Economic Analysis of Corporate Laws Aonkan Ghosh 7. Economic Analysis of the Corporate Debt Restructuring Mechanism in India Aishwarya Mohapatra, Rumani Sheth and Suriti 8. Economic Analysis of the Dispute Resolution Mechanism under the Companies Act, 2013 Amrita Mohan PART IV: Game Theory and Law 9. An Economic Analysis of Cyber Crimes Esha Goel and Kundhavi Suresh 10. Economics of Child Labour Gayathree Devi Kalliyat Thazhathuveetil PART V: Regulatory Economics and Markets 11. The Limits of Democracy: An Economic Analysis of Countermajoritarian Institutions Lalit Panda 12. Economic Analysis of Competition Law Aanchal Kapoor 13. An Economic Analysis of Indian Pharmaceutical Pricing Policy: Drugs (Prices Control) Order, 2013 Prateek Kumar and Shreya Ramakrishanan PART VI: Economic Analysis of Media Laws 14. Economic Analysis of Cross Media Ownership Aakanksha Parashar, Madhuja Barman and Chandni Patel 15. Comparative Advertising: Case Analysis of Colgate Palmolive v. Hindustan Unilever Ltd. Shivansh Agarwal and Ifrah Shaikh

Bimal N. Patel is Director and Distinguished Professor of Public International Law, Gujarat National Law University, Gandhinagar, India.

Ranita Nagar is Professor of Economics, Dean of the Department of Research and the Head of the Department of Social Sciences at Gujarat National Law University, Gandhinagar, India.

Hiteshkumar Thakkar is Assistant Professor of Economics at Gujarat National Law University, Gandhinagar, India.