Behavioral Economics and the Law

Christine Jolls

Foundations and Trends(R) in Microeconomics, 2011, vol. 6, issue 3, 173-263

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.

Keywords: Bounded rationality; Endowment effect; Consumer protection; Behavioral economics; Microeconomics; Behavioral economics; Law and economics; Empirical legal studies (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:now:fntmic:0700000038

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