Whether the Conjecture is Correct or Not Consider what we have done so far.Start with one behavioral assumption(rationality) One conjecture about the organizing principle:Efficiency ·End with A way of seeing all law,as solutions to a common set of problems A way of applying the same set of ideas across legal topics: Risk allocation--contract and tort. ·Ex Ante/Ex Post Tort and criminal law of highways Explaining why attempts are criminal Externalities,incentives,double causation problem,transaction costs Pollution regulation Defining property rights in land Common law of nuisance Tort law--auto accidents.Product liability. Contract damage rules Whether the Conjecture is Correct or Not • Consider what we have done so far. Start with • one behavioral assumption (rationality) • One conjecture about the organizing principle: Efficiency • End with • A way of seeing all law , as solutions to a common set of problems • A way of applying the same set of ideas across legal topics: • Risk allocation--contract and tort. • Ex Ante/Ex Post • Tort and criminal law of highways • Explaining why attempts are criminal • Externalities, incentives, double causation problem, transaction costs • Pollution regulation • Defining property rights in land • Common law of nuisance • Tort law--auto accidents. Product liability. • Contract damage rules