This volume examines issues of particular concern to India's current market oriented economy from the viewpoint of the evolving discipline of 'law and economics'. The coverage includes financial institutions and the importance of regulation, the 'double trust' dilemma, regulatory gaps, accident law and environmental problems, social cost minimization and the negligence rule, the low compliance trap and corruption, the new patents regime and its impact on innovation, and the judiciary's role in the efficient enforcement of law.