The (non) economic properties of the law (Q2052513)
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scientific article; zbMATH DE number 7434025
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | The (non) economic properties of the law |
scientific article; zbMATH DE number 7434025 |
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The (non) economic properties of the law (English)
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26 November 2021
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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.
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law
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order
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rationalizability
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