Do we need behavioral economics to explain law?

Peter Leeson

European Journal of Law and Economics, 2019, vol. 48, issue 1, No 3, 29-42

Abstract: Abstract Do we need behavioral economics to explain law? I analyze Judge Guido Calabresi’s claim that we do. I find that, actually, we don’t; traditional economic theory can explain law just fine.

Keywords: Calabresi; Behavioral economics; Rent-seeking; Merit goods; Altruism; Organ sales; Conscription; Minneapolis 5% tradition; The Future of Law and Economics (search for similar items in EconPapers)
JEL-codes: K00 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (6)

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DOI: 10.1007/s10657-017-9573-4

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