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Libertarian paternalism is nowadays one of the main proposals within normative economics. Libertarian paternalism relies on researches and findings in behavioural economics in order to show that it is efficient and morally justified for public authorities to use heuristics and cognitive biases...
Persistent link: https://www.econbiz.de/10009210948
The importance of The Spirit of laws for the political and economic thought is well-known. The aim of the paper is to reconsider the famous statements on political stability through the recent developments of New Political Economy. More precisely, we show that, as in many models of NPE, economic...
Persistent link: https://www.econbiz.de/10011025458
Behavioral approach is nowadays one most prominent field within law and economics literature. Applying bias and heuristics to the law draws new insights and mechanisms on the role and functions of law in society. By studying Sunstein?s works on this topic, we argue that two different normative...
Persistent link: https://www.econbiz.de/10011187911