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Indiana University Bloomington

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Explore Business Horizons, the Kelley School's
bimonthly journal publishing original articles of interest to business academicians and practitioners. Marc J. Dollinger, professor of business administration, serves as editor-in-chief.

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Norms in Law and Economics

2007, Handbook in Law and Economics

Eric Bennett Rasmusen, Richard McAdams

Abstract

Everyone realizes the importance of social norms as guides to behavior and substitutes for law, but coming up with a paradigm for analyzing norms 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.  We survey the topic.

Citation

Rasmusen, Eric Bennett, and  Richard McAdams (2007), "Norms in Law and Economics", in A. Mitchell Polinsky & Steven Shavell eds. Handbook of Law and Economics, Volume 2, Amsterdam: Elsevier.