NEW TO THIS EDITION The Sixth Edition of Law and Economics 6e by Cooter & Ulen has been revised and updated to reflect the latest developments in law and economics. Major changes to the text are as follows: Tables and graphs have been updated. New boxes and suggested readings have been added throughout the text. Boxes provide real-world situations that illustrate key topics and connect students’ learning to everyday life. Web Notes have been updated and added. This feature is located in each chapter and they closely link the text with relevant content on the Companion Website. Additional information on liability and customs in trade can be found in Chapter 6, "An Economic Theory of Tort Law". The explanation of contractual commitments through a better representation of the principal-agent problem is improved in Chapter 8, "An Economic Theory of Contract Law". NEW material on lapses, vicarious liability, incomprehensible harms, punitive damages, mass torts, medical malpractice, and some behavioral aspects of contract remedies in Chapter 9, "Topics in the Economics of Contract Law" A new treatment of decision making by potential litigants and their lawyers, and new figures and decision trees can be found in Chapter 10, " Topics in the Economics of the Legal Process". NEW! Combined material on the legal process and an updated empirical assessment of various aspects of legal disputes can be found in Chapter 11, "Topics in the Economics of the Legal Process." Theoretical material on crime and punishment, updated and clarified in Chapter 12, "An Economic Theory of Crime and Punishment."