The Law and Economics of Cybersecurity
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Law and Economics of Cybersecurity by Francesco Parisi
Book DescriptionCybersecurity is a leading national problem for which the market may fail to produce a solution. The ultimate source of the problem is that computer owners lack adequate incentives to invest in security because they bear fully the costs of their security precautions but share the benefits with their network partners. In a world of positive transaction costs, individuals often select less than optimal security levels. The problem is compounded because the insecure networks extend far beyond the regulatory jurisdiction of any one nation or even coalition of nations. Originally published in 2006, this book brings together the views of leading law and economics scholars on the nature of the cybersecurity problem and possible solutions to it. Many of these solutions are market based, but they need some help, either from government or industry groups, or both. Indeed, the cybersecurity problem prefigures a host of twenty-first-century problems created by information technology and the globalization of markets.
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Book DetailsISBN: 9780521855273
(228mm x 152mm x 22mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 28-Nov-2005
Country of Publication: United Kingdom
Books By Author Francesco Parisi
Oxford Handbook of Law and Economics, Hardback (February 2017)
The Oxford Handbook of Law and Economics applies the theoretical and empirical methods of economics to the study of law. Volume 1 surveys methodology and concepts.
Language of Law and Economics, Hardback (April 2013)
A dictionary of the key concepts and terminology of modern law and economics, for professionals, students and scholars.
Law and Economics of Cybersecurity, Paperback (August 2011)View all books by Francesco Parisi
This 2006 book explores the nature of the cybersecurity problem for nations and addresses possible solutions.
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Author Biography - Francesco Parisi
Mark F. Grady is Professor of Law and Director of the Center for Law and Economics at the UCLA School of Law. He specializes in law and economics, torts, antitrust, and intellectual property. He received his A.B. degree summa cum laude in Economics and his J.D. from UCLA. Before beginning his academic career, Grady worked for the Federal Trade Commission, the US Senate Judiciary Committee, and American Management Systems. Francesco Parisi is Professor of Law and Director of the Law and Economics Program at George Mason University School of Law and Distinguished Professor of Law at the University of Milan.
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