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Behavioral Economics and the Law

Author

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  • Jolls, Christine

Abstract

This monograph describes and assesses the current state of behavioral law and economics. Law and economics had a critical (though underrecognized) early point of contact with behavioral economics through the foundational debate in both fields over the Coase theorem and the endowment effect. In law and economics today, both the endowment effect and other features of behavioral economics feature prominently and have been applied to many important legal questions.

Suggested Citation

  • Jolls, Christine, 2011. "Behavioral Economics and the Law," Foundations and Trends(R) in Microeconomics, now publishers, vol. 6(3), pages 173-263, August.
    • Handle: RePEc:now:fntmic:0700000038
    DOI: 10.1561/0700000038
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    Cited by:

    1. Johnson, Samuel G. B., 2019. "Toward a cognitive science of markets: Economic agents as sense-makers," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 13, pages 1-29.

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