Norms in Law and Economics
2007, Handbook in Law and Economics
Eric Bennett Rasmusen, Richard McAdams
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.
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.