Organizational Science Meets Law and Economics

Erasmus Law Lectures, Vol. 21, The Hague: Eleven International Publishing, 2011

68 Pages Posted: 30 Nov 2012

See all articles by Klaus Heine

Klaus Heine

Erasmus University Rotterdam (EUR), Erasmus School of Law

Date Written: 2011

Abstract

‘Law and economics’ as well as ‘organizational science’ are well-established disciplines, which are concerned with the explanation of organizational behaviour. However, both disciplines do not collaborate, in order to get more scientific insight in the functioning of organizations. While ‘law and economics’ is mainly applied microeconomics and follows the rational actor model, ‘organizational science’ is fragmented into diverse scientific approaches, thereby relaxing the assumption of rational behaviour. In this essay the differences between both disciplines are dicussed and the possibilities for a productive collaboration are evaluated. In addition, the study includes two applications which demonstrate the added value of a collaboration of the two disciplines: (1) The regulation of energy firms and (2) organizational tort liability.

Keywords: Organizational Science, Law and Economics

Suggested Citation

Heine, Klaus, Organizational Science Meets Law and Economics (2011). Erasmus Law Lectures, Vol. 21, The Hague: Eleven International Publishing, 2011. Available at SSRN: https://ssrn.com/abstract=2182566

Klaus Heine (Contact Author)

Erasmus University Rotterdam (EUR), Erasmus School of Law ( email )

3000 DR Rotterdam
Netherlands

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