Do we need behavioral economics to explain law?
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Do we need behavioral economics to explain law? I analyze Judge Guido Calabresi’s claim that we do. I find that, actually, we don’t; traditional economic theory can explain law just fine.
KeywordsCalabresi Behavioral economics Rent-seeking Merit goods Altruism Organ sales Conscription Minneapolis 5% tradition The Future of Law and Economics
I thank Paola Suarez, the Editors, and two anonymous reviewers for helpful comments.
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