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Series

Economics

Articles

Yeshiva University, Cardozo School of Law

2001

Articles 1 - 3 of 3

Full-Text Articles in Law

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

Just So Stories: Posnerian Methodology, Jeanne L. Schroeder

Articles

No abstract provided.


Avoidance Theory According To Steve Nickles, David G. Carlson Jan 2001

Avoidance Theory According To Steve Nickles, David G. Carlson

Articles

No abstract provided.


Law, Economics, And The Skeleton Of Value Fallacy, Kyron Huigens Jan 2001

Law, Economics, And The 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.