Open Access. Powered by Scholars. Published by Universities.®

Law Commons

Open Access. Powered by Scholars. Published by Universities.®

Articles

2001

Economics

Yeshiva University, Cardozo School of Law

Articles 1 - 3 of 3

Full-Text Articles in Law

Avoidance Theory According To Steve Nickles, David Gray Carlson Jan 2001

Avoidance Theory According To Steve Nickles, David Gray Carlson

Articles

No abstract provided.


Just So Stories: Posnerian Methodology, Jeanne L. Schroeder Jan 2001

Just So Stories: Posnerian Methodology, Jeanne L. Schroeder

Articles

No abstract provided.


Law, Economics, Andthe Skeleton Of Value Fallacy, Kyron Huigens Jan 2001

Law, Economics, Andthe Skeleton Of Value Fallacy, Kyron Huigens

Articles

Experiments in the last decade or so have demonstrated persistent failures on the part of ordinary individuals rationally to pursue self-interest. The experiments pose serious challenges to economics, rational choice theory, and the law and economics school. Some experiments, for example, suggest an "endowment effect", that contradicts the Coase Theorem; the notion that, in the absence of transaction costs, goods will find their most efficient distribution regardless of their initial assignment. Cass Sunstein has collected a set of essays by economists and legal scholars exploring these challenges, in a volume entitled Behavioral Law and Economics.