Steven Shavell is an

economist An economist is a professional and practitioner in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this field there are ...

who is currently Samuel R. Rosenthal Professor of

Law and Economics Law and economics, or economic analysis of law, is the application of microeconomic theory to the analysis of law, which emerged primarily from scholars of the Chicago school of economics. Economic concepts are used to explain the effects of la ...

Harvard Law School Harvard Law School (Harvard Law or HLS) is the law school of Harvard University, a private research university in Cambridge, Massachusetts. Founded in 1817, it is the oldest continuously operating law school in the United States. Each class ...

. Shavell is the founder and director of the School's John M. Olin Center for Law, Economics, and Business.

Biography

Steven Shavell graduated from the

University of Michigan , mottoeng = "Arts, Knowledge, Truth" , former_names = Catholepistemiad, or University of Michigania (1817–1821) , budget = $10.3 billion (2021) , endowment = $17 billion (2021)As o ...

in 1968. He obtained a Ph.D. in economics from MIT in 1973. Shavell is working on the economic analysis of law, including topics such as

contract A contract is a legally enforceable agreement between two or more parties that creates, defines, and governs mutual rights and obligations between them. A contract typically involves the transfer of goods, services, money, or a promise to ...

tort A tort is a civil wrong that causes a claimant to suffer loss or harm, resulting in legal liability for the person who commits the tortious act. Tort law can be contrasted with criminal law, which deals with criminal wrongs that are punishabl ...

property Property is a system of rights that gives people legal control of valuable things, and also refers to the valuable things themselves. Depending on the nature of the property, an owner of property may have the right to consume, alter, share, r ...

, criminal law, and

legal process Legal process (sometimes simply process) is any formal notice or writ by a court obtaining jurisdiction over a person or property. Common forms of process include a summons, subpoena, mandate Mandate most often refers to: * League of Nati ...

. He was a

Guggenheim Fellow Guggenheim Fellowships are grants that have been awarded annually since by the John Simon Guggenheim Memorial Foundation to those "who have demonstrated exceptional capacity for productive scholarship or exceptional creative ability in the ar ...

Selected publications

* Shavell, S., 1979
Risk sharing and incentives in the principal and agent relationship
''Bell Journal of Economics'', ''10''(1), pp. 55–73. * Shavell, S., 1980. Strict liability versus negligence. ''Journal of Legal Studies'', ''9''(1), pp. 1–25. * Shavell, S., 1984. The design of contracts and remedies for breach. ''Quarterly Journal of Economics'', ''99''(1), pp. 121–148. * Shavell, S., 1984
A model of the optimal use of liability and safety regulation
''RAND Journal of Economics'', ''15''(2), pp. 271–280. * Shavell, S., 1987
A model of optimal incapacitation
''American Economic Review'', ''77''(2), pp. 107–110. * Shavell, S., 1987. ''Economic Analysis of Accident Law''. Harvard University Press. * Shavell, S., 1991. Specific versus general enforcement of law. ''Journal of Political Economy'', ''99''(5), pp. 1088–1108. * Polinsky, A.M. and Shavell, S., 2000
The economic theory of public enforcement of law
''Journal of Economic Literature'', ''38''(1), pp. 45–76. * Kaplow, L. and Shavell, S., 2002. Economic analysis of law. In ''Handbook of Public Economics'' (Vol. 3, pp. 1661–1784). Elsevier. * Kaplow, L. and Shavell, S., 2007. Moral rules, the moral sentiments, and behavior: toward a theory of an optimal moral system. ''Journal of Political Economy'', ''115''(3), pp. 494–514.

References

External links

Steven Shavell's website at Harvard Law School

Steven Shavell's website at NBER

{{DEFAULTSORT:Shavell, Steven Law and economics scholars 20th-century American economists 21st-century American economists Living people Year of birth missing (living people) University of Michigan alumni