Solid economic analysis and a wealth of modern examples are included in this text for students of law and economics. The latest microeconomic theory is used to develop economic theories concerning the core areas of the laws - property, contracts, torts and crime. These economic theories are then used to explain and analyze topics in each of the four key areas. Throughout, the book illustrates how microeconomic theory can be used to increase understanding of the law and improve public policy. Extensive questions throughout each chapter help to enrich the presentation and encourage students to explore the ramifications of each issue. Extensive footnotes and chapter bibliographies provide suggestions for further reading.