Download This PaperNorms in Law and Economics
49 Pages Posted: 24 Aug 2004
Date Written: July 7, 2004
Abstract
Everyone realizes the importance of social norms as guides to behavior and substitutes or complements for law. Coming up with a paradigm for analyzing norms, however, has been surprisingly difficult, as has systematic empirical study. In this chapter of the Handbook of Law and Economics, edited by A. Mitchell Polinsky and Steven Shavell and forthcoming in 2005, we survey the topic.
Keywords: Norms, behavior, conventions, law
JEL Classification: A13, D70, K00
Suggested Citation: Suggested Citation
McAdams, Richard H. and Rasmusen, Eric Bennett, Norms in Law and Economics (July 7, 2004). Available at SSRN: https://ssrn.com/abstract=580843 or http://dx.doi.org/10.2139/ssrn.580843
Richard H. McAdams
University of Chicago Law School ( email )
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