Download or read book The Legal Foundations of Micro-Institutional Performance written by Klammer, Sarah S. and published by Edward Elgar Publishing. This book was released on 2022-03-15 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of The Legal Foundations of Micro-Institutional Performance is to introduce the reader to a different way of thinking about economics that will allow them to both understand and apply legal concepts to economic analysis. To this end, it adopts and further develops Wesley Hohfeld’s legal framework of jural (legal) relations as a tool of analysis. This analytical tool, as built into the Legal-Economic Performance framework, provides specific direction in identifying and describing interdependence among economic agents (including rights, duties, liberties and exposure to various acts).