The (Non) economic properties of the law

Leo Katz; Alvaro Sandroni

doi:10.3390/g12010026

The (Non) economic properties of the law

Leo Katz^*, Alvaro Sandroni

^*Corresponding author for this work

Managerial Economics, Decision Sciences and Operations

Research output: Contribution to journal › Article › peer-review

Abstract

This paper shows that the logical properties of constraints imposed by law are fundamentally different from other constraints considered in economics such as budget constraints and bounded rationality constraints, such as the ones based on inattention or shortlisting. This suggests that to fully incorporate law into economics may require a revision of economic theory.

Original language	English (US)
Article number	26
Journal	Games
Volume	12
Issue number	1
DOIs	https://doi.org/10.3390/g12010026
State	Published - Mar 2021

Keywords

Law
Order
Rationalizability

ASJC Scopus subject areas

Statistics and Probability
Statistics, Probability and Uncertainty
Applied Mathematics

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abstract = "This paper shows that the logical properties of constraints imposed by law are fundamentally different from other constraints considered in economics such as budget constraints and bounded rationality constraints, such as the ones based on inattention or shortlisting. This suggests that to fully incorporate law into economics may require a revision of economic theory.",

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The (Non) economic properties of the law

Abstract

Keywords

ASJC Scopus subject areas

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