Economics Dictionary of ArgumentsHome
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| Law and economics: Law and economics is an interdisciplinary field merging legal principles with economic analysis. It applies economic theory to understand legal rules, institutions, and behaviors. By evaluating how laws influence individual behavior and societal outcomes, it aims to create more efficient and equitable legal systems._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Sean P. Sullivan on Law and Economics - Dictionary of Arguments
Parisi I 78 Experimental Law and economics/Sullivan/Holt: (...) experimental law and economics is objectionable for the (...) important reason of being descriptively under-inclusive. To the extent that it suggests the application of experimental economics to topics in the traditional domain of law and economics, it conveys only part of the potential scope of experimental economics in law. >Experimental economics/Economic theories, >Experimental economics/Vernon Smith. Parisi I 79 What it omits are the many possible contributions experimental economics stands to make beyond the traditional boundaries of law and economics, in topics within the domain of general legal scholarship and even actual legal practice. Painting in broad strokes, experimental economics finds an analytical foothold in at least three archetypal areas of legal scholarship and practice. 1) (...) it can be used to explore the functioning of legal institutions, such as settlement bargaining, jury deliberation, and alternative dispute resolution. 2) (...) it can be directed to the study of legal doctrines, such as those relating to property-rule liability, damages doctrines, and the negligence standard. 3) (...) it can contribute to the practice of law, for example, by informing how the presentation of probabilities is handled at trial, or how damages claims or other complicated legal theories are demonstrated to the trier of fact. >Experimental economics/Economic theories, >Experiments/Experimental economics, >Auctions/Holt, >Induced value theory/Economic theories, >Settlement bargaining/Experimental economics. Sullivan, Sean P. and Charles A. Holt. „Experimental Economics and the Law“ In: Parisi, Francesco (ed) (2017). The Oxford Handbook of Law and Economics. Vol 1: Methodology and Concepts. NY: Oxford University Press._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Sullivan, Sean P. Parisi I Francesco Parisi (Ed) The Oxford Handbook of Law and Economics: Volume 1: Methodology and Concepts New York 2017 |
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