| The assumption of the existence of a legal market is the precondition to do the economic analysis. Generally, the malpractices in the run of the law appear in the dealings of the legal market . Supply and demand, cost and profit analysis, are important tools to do the economic analysis of the law. The government supplies the base of the legal institutions to market economy, as well as dest roying and plundering the base. The demand of the law is a process of public choice, with uncertainty, which may be exaggerated artificially, or underestimated artificially. If the government becomes over sensitive to the market, and over confident to interfere the laws and bylaws related to the market, it will lead the distortion of non-market demand. The uncertainty of the legal cost also makes it hard to choose or to find the most efficient legislative and judicial systems. |
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