Atsushi Maki
eBook, ePUB

Empirical Law and Economics (eBook, ePUB)

Price-Fixing and Bid-Rigging Cases in Japan

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Maki provides an empirical analysis of law and economics by reevaluating Myrdal's value premises and Weber's separation of analysis and policy.In modern civil society, individuals and businesses conduct economic activities through markets. The mainstream economic theory is the general equilibrium theory, which assumes a perfectly competitive market. The upshot is that transactions through competitive markets maximize the economic welfare of society, with policies such as deregulation and privatization being implemented with the backing of the law. However, in the real economy, legal transactio...

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