Introduction

Rules vs Standards

Ex Ante vs. Ex Post

Normative vs. Positive

The Two-by-Two Box

Default vs. Mandatory Rules

Paternalism vs. Externalities: Limiting Contractual Freedom

Property Rules vs. Liability Rules

Hofeld's Theory of Rights vs. Privileges

Exit and Voice

Acoustic Separation

The Coase Theorem

Least Cost Avoider

Marginalism

Wars and Panics

Uncertainty vs. Risk

Rawlsian Veil of Ignorance

Behavioral Biases

Search, Experience and Credence Goods

Information Rules