Everyone realizes the importance of social norms as guides to behavior and substitutes or complements for law. Coming … this chapter of the Handbook of Law and Economics, edited by A. Mitchell Polinsky and Steven Shavell and forthcoming in …

or business standards. Violations of the law trigger reputational sanctions insofar as they signal non-adherence to … for general law enforcement and regulatory policies …

We compare fault-based and strict liability offences in law enforcement when behavior is influenced by informal …

economics, health economics, and law and economics. This paper describes and assesses the current state of behavioral law and … economics. Law and economics had a critical (though under-recognized) 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 …

In Fairness versus Welfare (2003), Louis Kaplow and Steven Shavell provide a manifesto for normative law and economics …. Therein, they spell out the foundations for contemporary law and economics based on a Paretian consequentialist welfarism and … focus for law and economics that borrows from Robert Sugden's (2018) opportunity criterion, which holds that individuals …

Economic analysis has had a powerful influence on legal theory and policymaking. Based on the premise that people are …