The (non) economic properties of the law (Q2052513)
From MaRDI portal
scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | The (non) economic properties of the law |
scientific article |
Statements
The (non) economic properties of the law (English)
0 references
26 November 2021
0 references
Summary: This paper shows that the logical properties of constraints imposed by law are fundamentally different from other constraints considered in economics such as budget constraints and bounded rationality constraints, such as the ones based on inattention or shortlisting. This suggests that to fully incorporate law into economics may require a revision of economic theory.
0 references
law
0 references
order
0 references
rationalizability
0 references
