Norms in Law and Economics

Richard H. McAdams and Eric Rasmusen ()
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Richard H. McAdams: University of Illinois College of Law

No 2004-11, Working Papers from Indiana University, Kelley School of Business, Department of Business Economics and Public Policy

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.

Date: 2004
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Published in Handbook of Law and Economics, 2005

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