The (Non) Economic Properties of the Law

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 inc...

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Bibliographic Details
Main Authors: Leo Katz, Alvaro Sandroni
Format: Article
Language:English
Published: MDPI AG 2021-03-01
Series:Games
Subjects:
law
Online Access:https://www.mdpi.com/2073-4336/12/1/26