Showing 1 - 10 of 22
Zunehmend erfährt die auf den Annahmen der neoklassischen Ökonomie ruhende Analyse des Rechts Kritik und Konkurrenz durch andere sozialwissenschaftliche Disziplinen. Die vorderste Front bilden dabei die klassischen Verhaltenswissenschaften, insbesondere die kognitive Psychologie. Ihre Kritik...
Persistent link: https://www.econbiz.de/10010261477
The paper reports laboratory experiments on a day-to-day route choice game with two routes. Subjects had to choose between a main road M and a side road S. The capacity was greater for the main road. 18 subjects participated in each session. In equilibrium the number of subjects is 12 on M and 6...
Persistent link: https://www.econbiz.de/10010263079
We report experimental and theoretical results on the minority of three-game where three players have to choose one of two alternatives independently and the most rewarding alternative is the one chosen by a single player. This coordination game has many asymmetric equilibria in pure strategies...
Persistent link: https://www.econbiz.de/10010281623
Both in the field and in the lab, participants frequently cooperate, despite the fact that the situation can be modelled as a simultaneous, symmetric prisoner's dilemma. This experiment manipulates the payoff in case both players defect, and explains the degree of cooperation by a combination of...
Persistent link: https://www.econbiz.de/10010323844
The German Basic Law is open for an interpretation that would allow the Constitutional Court to test the normative adequacy of most statutes. If the court does, it could be modelled as the supervisor of the legislator, i.e., of the agent of the people. The model predicts collusion between the...
Persistent link: https://www.econbiz.de/10010323939
Lawyers routinely have to decide under considerable uncertainty. Those officially applying the law in force, like judges or public officials, often do not know all the facts of the case. And the legislator ought to know, understand and forecast much more than he usually does. Economics,...
Persistent link: https://www.econbiz.de/10010323972
Doesn't work. Has failed. Apolitical. Naive. Pre-modern. Non-scientific. Such hardly ornamental epithets get pinned on anybody who still sets out to define the common good today. Ideas and interests cannot be translated into one another without fracture. There is no abstract basic norm from...
Persistent link: https://www.econbiz.de/10010323978
The standard tool for analysing social dilemmas is game theory. They are reconstructed as prisoner dilemma games. This is helpful for understanding the incentive structure. Yet this analysis is based on the classic homo oeconomicus assumptions. In many real world dilemma situations, these...
Persistent link: https://www.econbiz.de/10010323984
Anti-trust cases more often than not hinge upon market definition. The anti-trust authorities use standardised tests for the purpose, like the small but significant and nontransitory increase in price test prevalent in US law. These tests are often read as neoclassical economics, watered down to...
Persistent link: https://www.econbiz.de/10010323999