Although the homo oeconomicus model has considerable predictive power with regard to the operation of the law the …

also discusses the efficiency of trust and the role of the law in separating trustworthy from non trustworthy people. …

when the descriptive and prescriptive norms conflict. The next main question is the expressive role of law. The choices of … also what shapes social judgements and moral sentiments. Setting law thus means both imposing material incentives and … analysis, combining an informed principal with individually signaling agents, makes precise the notion of expressive law …

A common, though by no means universally-accepted doctrine among practitioners of law and economics is that … redistribution is no business of the law. This efficiency-only doctrine is not that redistribution is unworthy as a social objective … of legal rules. The rationale for the efficiency-only doctrine is that redistributive law creates a double distortion: an …