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Vol 21 No 9 Sept/Oct 2016

Book of the Month

Cover of Goode on Commercial Law

Goode on Commercial Law

Edited by: Ewan McKendrick
Price: £170.00

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European Perspectives on Behavioural Law and Economics

ISBN13: 9783319116341
Published: March 2015
Publisher: Springer-Verlag
Country of Publication: Switzerland
Format: Hardback
Price: £90.00

This is a Print On Demand Title.
The publisher will print a copy to fulfill your order. Books can take between 1 to 3 weeks. Looseleaf titles between 1 to 2 weeks.

This anthology highlights the theoretical foundations as well as the various applications of Behavioural Law and Economics in European legal culture. By the same token, it fosters the dialogue between European and American Law and Economics scholars.

The traditional neo-classical microeconomic theory explains human behaviour by using Rational Choice. According to this model, people tend to maximize the difference between expected utility and cost (“expected utility theory”). This theory includes three assumptions:

(1) unbounded rationality (2) unbounded self-interest, and (3) unbounded willpower.

Behavioural Economics questions these assumptions and endeavours to render economic analysis more realistic by underpinning it with psychological insights. In recent years, the influence of Behavioural Economics on the Economic Analysis of Law has gained momentum. Behavioural Law and Economics generates a better theoretical understanding of legal phenomena and offers a multitude of applications in legislation and legal adjudication.

This volume is testament to the growing and thriving Law and Economics movement in Europe. The European Law and Economics community has steadily grown and the yearly Law and Economics Conference at the law faculty of the University of Lucerne has successfully become a guiding star in the vast sky of Law and Economics.

EU Law, Law and Economics
1.European and American Perspectives on Behavioural Law and Economics
Ulen, Thomas S
2.The Next Generation of Behavioural Law and Economics
Tor, Avishalom
3.From Rational Choice to Behavioural Economics
Mathis, Klaus (et al.)
4.Why Do We Need Responsive Regulation and Behavioural Research in EU Internal Market Law?
Purnhagen, Kai
5.Can EU Consumer Law Benefit From Behavioural Insights?
Sibony, Anne-Lise
6.Buttons, Boxes, Ticks, and Trust
Engel, Martin (et al.)
7.Loss Aversion, Omission Bias and the Civil Standard of Proof
Schweizer, Mark
8.How Role and Framing Influence Litigants’ Perception of Civil Procedure
Klinger, Edgar (et al.)
9.Investment Suitability Requirements in the Light of Behavioural Findings
Baisch, Rainer (et al.)
10.Retail Investors and Disclosure Requirements
Helleringer, Geneviève
11.Behavioural Antitrust
Heinemann, Andreas
12.New York Times v. Sullivan in European Context
Golecki, Mariusz J.