|
|
|
|
||||
|
||||
Consumer Contracts: Behavioral Economics vs. Neoclassical EconomicsOren Bar-GillNew York University School of Law Richard A. EpsteinNew York University School of Law; Stanford University - Hoover Institution on War, Revolution and Peace; University of Chicago - Law School NYU Law and Economics Research Paper No. 07-17 Minnesota Law Review, Vol. 92, 2007-2008 Abstract: In the past decade behavioral economics has established itself as a contender to the throne of neoclassical economics in the economic analysis of law. The pros and cons of behavioral as compared to neoclassical economics have been vigorously debated at the general, methodology level. But the success or failure of the behavioral challenge will be judged by its ability to improve upon neoclassical economics - both descriptively and prescriptively - in specific legal applications. Consumer contracts provide an important test case for behavioral economics. In this exchange we offer the first comprehensive debate between the behavioral and neoclassical perspectives as applied to the law and economics of consumer contracts.
Number of Pages in PDF File: 62 Accepted Paper SeriesDate posted: April 25, 2007Suggested CitationContact Information
|
|
|||||||||||||||||||||||||||||||||
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
FAQ
Terms of Use
Privacy Policy
Copyright
This page was processed by apollo5 in 0.484 seconds
