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Norms in Law and Economics

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Author Info
Richard H. McAdams (University of Illinois College of Law)
Eric B. Rasmusen (Department of Business Economics and Public Policy, Indiana University Kelley School of Business)

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Abstract

Everyone realizes the importance of social norms as guides to behavior and substitutes or complements for law. Coming up with a paradigm for analyzing norms, however, has been surprisingly difficult, as has systematic empirical study. In this chapter of the Handbook of Law and Economics, edited by A. Mitchell Polinsky and Steven Shavell and forthcoming in 2005, we survey the topic.

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File URL: http://www.bus.indiana.edu/riharbau/RePEc/iuk/wpaper/bepp2004-11-mcadams-rasmusen.pdf
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Publisher Info
Paper provided by Indiana University, Kelley School of Business, Department of Business Economics and Public Policy in its series Working Papers with number 2004-11.

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Date of creation: 2004
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Publication status: Published in Handbook of Law and Economics, 2005
Handle: RePEc:iuk:wpaper:2004-11

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  1. Galbiati, Roberto & Vertova, Pietro, 2005. "Law and behaviours in social dilemmas: testing the effect of obligations on cooperation," Discussion Paper 56, Tilburg University, Center for Economic Research. [Downloadable!]
    Other versions:
  2. Eric Rasmusen, 2007. "A Reputation Model of Quality in North-South Trade," Working Papers 2007-06, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy. [Downloadable!]
  3. Hirshleifer, David, 2007. "Psychological Bias as a Driver of Financial Regulation," MPRA Paper 5129, University Library of Munich, Germany. [Downloadable!]
    Other versions:
  4. Bruno Deffains & Claude Fluet, 2007. "Legal versus Normative Incentives under Judicial Error," Cahiers de recherche 0718, CIRPEE. [Downloadable!]
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This page was last updated on 2009-12-12.

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