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Intro; Acknowledgements; Table of Contents; Table of Figures; 1 Introduction; 1.1 Certainty; 1.2 Information; 1.3 Technology; 1.4 Method; 1.5 Relevance; 1.6 Structure; 2 Literature Review; 2.1 The Efficiency of the Common Law Hypothesis; 2.2 Rules versus Standards; 2.3 Information under Precedent and Statute; 2.4 Discussion; 2.5 Conclusion; 3 Two Types of Legal Uncertainty; 3.1 Legal Uncertainty, Legal Theory, and Law-and-Economics; 3.2 Applicative and Hierarchic Uncertainty; 3.3 An Example; 3.4 The Relationship between Applicative and Hierarchic Indeterminacy; 3.5 A Second Example.

3.6 Conclusion4 Economics of the Fact-Law Distinction; 4.1 Definitions; 4.2 Bifurcation in a Pure Rationalist System; 4.3 Bifurcation in a Pure Subjectivist System; 4.4 Bifurcation in a Mixed System; 4.5 Implications; 4.6 Conclusion; 5 Fact, Law, and Legal Change; 5.1 Introduction; 5.2 Fact and Law; 5.3 A Model of Legal Judgments; 5.4 The Mechanism of Legal Change; 5.5 Implications; 5.6 Conclusion; 6 Remoteness in Contract
An Example; 6.1 Remoteness; 6.2 The Judgment in The Achilleas; 6.3 From Hadley v Baxendale to The Achilleas; 6.4 Implications; 6.5 Conclusion.

7 Metarules versus Metastandards7.1 Introduction; 7.2 Definitions; 7.3 Precedent; 7.4 Common Law Metastandards: Two Examples; 7.5 Statute; 7.6 Precedent versus Statute; 7.7 International Law; 7.8 Conclusion; 8 Information, Precedent, and Statute; 8.1 Introduction; 8.2 The Basic Model; 8.3 Refinements; 8.4 Applications; 8.5 Conclusion; 9 Precedent in the Civil and Common Law; 9.1 Preliminary Matters; 9.2 Precedent in France, Italy, Germany, and England; 9.3 Comparison; 9.4 Analysis; 9.5 Conclusion; 10 Conclusion; 10.1 Lawmaking as Production; 10.2 The Choice between Precedent and Statute.

10.3 Applications10.4 Ending; Bibliography.

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