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 …

effects of law within this contextual framework using the techniques of rational choice theory. In Part III, I relax the …The law influences the behavior of its citizens in various ways. Well understood are the direct effects of legal rules …. By imposing sanctions or granting subsidies, the law either expands or contracts the horizon of opportunities within …

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 …

This is a Review of Guido Calabresi’s fascinating and thought-provoking new book, The Future of Law and Economics …