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European Perspectives on Behavioural Law and Economics

2015-02-09 Law
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Release : 2015-02-09
Genre : Law
Kind : eBook
Book Rating : 355/5 ( reviews)

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Book Synopsis European Perspectives on Behavioural Law and Economics by : Klaus Mathis

Download or read book European Perspectives on Behavioural Law and Economics written by Klaus Mathis. This book was released on 2015-02-09. Available in PDF, EPUB and Kindle. Book excerpt: This anthology highlights the theoretical foundations as well as the various applications of Behavioural Law and Economics in European legal culture. By the same token, it fosters the dialogue between European and American Law and Economics scholars. The traditional neo-classical microeconomic theory explains human behaviour by using Rational Choice. According to this model, people tend to maximize the difference between expected utility and cost (“expected utility theory”). This theory includes three assumptions: (1) unbounded rationality, (2) unbounded self-interest, and (3) unbounded willpower. Behavioural Economics questions these assumptions and endeavours to render economic analysis more realistic by underpinning it with psychological insights. In recent years, the influence of Behavioural Economics on the Economic Analysis of Law has gained momentum. Behavioural Law and Economics generates a better theoretical understanding of legal phenomena and offers a multitude of applications in legislation and legal adjudication. This volume is testament to the growing and thriving Law and Economics movement in Europe. The European Law and Economics community has steadily grown and the yearly Law and Economics Conference at the law faculty of the University of Lucerne has successfully become a guiding star in the vast sky of Law and Economics.

Law and Economics in Europe

2013-11-11 Law
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Release : 2013-11-11
Genre : Law
Kind : eBook
Book Rating : 10X/5 ( reviews)

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Book Synopsis Law and Economics in Europe by : Klaus Mathis

Download or read book Law and Economics in Europe written by Klaus Mathis. This book was released on 2013-11-11. Available in PDF, EPUB and Kindle. Book excerpt: This anthology illustrates how law and economics is developing in Europe and what opportunities and problems – both in general and specific legal fields – are associated with this approach within the legal traditions of European countries. The first part illuminates the differences in the development and reception of the economic analysis of law in the American Common Law system and in the continental European Civil Law system. The second part focuses on the different ways of thinking of lawyers and economists, which clash in economic analysis of law. The third part is devoted to legal transplants, which often accompany the reception of law and economics from the United States. Finally, the fourth part focuses on the role economic analysis plays in the law of the European Union. This anthology with its 14 essays from young European legal scholars is an important milestone in establishing a European law and economics culture and tradition.

Nudging - Possibilities, Limitations and Applications in European Law and Economics

2016-05-20 Law
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Release : 2016-05-20
Genre : Law
Kind : eBook
Book Rating : 624/5 ( reviews)

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Book Synopsis Nudging - Possibilities, Limitations and Applications in European Law and Economics by : Klaus Mathis

Download or read book Nudging - Possibilities, Limitations and Applications in European Law and Economics written by Klaus Mathis. This book was released on 2016-05-20. Available in PDF, EPUB and Kindle. Book excerpt: This anthology provides an in-depth analysis and discusses the issues surrounding nudging and its use in legislation, regulation, and policy making more generally. The 17 essays in this anthology provide startling insights into the multifaceted debate surrounding the use of nudges in European Law and Economics. Nudging is a tool aimed at altering people’s behaviour in a predictable way without forbidding any option or significantly changing economic incentives. It can be used to help people make better decisions to influence human behaviour without forcing them because they can opt out. Its use has sparked lively debates in academia as well as in the public sphere. This book explores who decides which behaviour is desired. It looks at whether or not the state has sufficient information for debiasing, and if there are clear-cut boundaries between paternalism, manipulation and indoctrination. The first part of this anthology discusses the foundations of nudging theory and the problems associated, as well as outlining possible solutions to the problems raised. The second part is devoted to the wide scope of applications of nudges from contract law, tax law and health claim regulations, among others. This volume is a result of the flourishing annual Law and Economics Conference held at the law faculty of the University of Lucerne. The conferences have been instrumental in establishing a strong and ever-growing Law and Economics movement in Europe, providing unique insights in the challenges faced by Law and Economics when applied in European legal traditions.

Nudge and the Law

2015-09-24 Law
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Release : 2015-09-24
Genre : Law
Kind : eBook
Book Rating : 49X/5 ( reviews)

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Book Synopsis Nudge and the Law by : Alberto Alemanno

Download or read book Nudge and the Law written by Alberto Alemanno. This book was released on 2015-09-24. Available in PDF, EPUB and Kindle. Book excerpt: Behavioural sciences help refine our understanding of human decision-making. Their insights are immensely relevant for policy-making since public intervention works much better when it targets real people rather than imaginary beings assumed to be perfectly rational. Increasingly, governments around the world are keen to rely on those insights for reshaping public interventions in a wide range of policy areas such as energy, health, financial services and data protection. When policy-making meets behavioural sciences, effective and low-cost regulations can emerge in the form of default rules, smart disclosure and simplification requirements. While behaviourally-informed intervention has a huge potential for policymaking, it also attracts legitimacy and practicability concerns. Nudge and the Law takes a European perspective on those issues and explores the legal implications of the emergent phenomenon of behavioural regulation by focusing on the challenges and opportunities it may offer to EU policy-making and beyond.

Research Handbook on Behavioral Law and Economics

2018-03-30 Business & Economics
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Release : 2018-03-30
Genre : Business & Economics
Kind : eBook
Book Rating : 687/5 ( reviews)

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Book Synopsis Research Handbook on Behavioral Law and Economics by : Joshua C. Teitelbaum

Download or read book Research Handbook on Behavioral Law and Economics written by Joshua C. Teitelbaum. This book was released on 2018-03-30. Available in PDF, EPUB and Kindle. Book excerpt: The field of behavioral economics has contributed greatly to our understanding of human decision making by refining neoclassical assumptions and developing models that account for psychological, cognitive, and emotional forces. The field’s insights have important implications for law. This Research Handbook offers a variety of perspectives from renowned experts on a wide-ranging set of topics including punishment, finance, tort law, happiness, and the application of experimental literatures to law. It also includes analyses of conceptual foundations, cautions, limitations and proposals for ways forward.

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