Shavell
Steven M. Shavell
Economist and legal scholar of economic analysis of law
Official Source Note
Harvard Law School lists Shavell as the Samuel R. Rosenthal Professor of Law and Economics and Director of the John M. Olin Center for Law, Economics & Business. His profile emphasizes economic analysis of basic legal fields and legal process.
Shavell's work supplies a general enforcement and deterrence framework for this site, including sanctions, detection probability, liability design, legal process, and welfare analysis.
Source: Harvard Law School
Relevance to the Archive
For securities and financial regulation, Shavell's framework helps analyze detection probability, sanctions, enforcement costs, and deterrence.
Representative Contributions
- Economic Analysis of Accident Law (1987)
- Fairness versus Welfare (2001)
- Foundations of Economic Analysis of Law (2004)
Works Included Here
2000
Intermediate
The Economic Theory of Public Enforcement of Law
A. Mitchell Polinsky and Steven Shavell
Journal of Economic Literature
2001
Advanced
2004
Advanced