Behavioral Economics, The Economic Analysis of Bankruptcy Law and the Pricing of Credit

Abstract The economic analysis of law assumes that court decisions are key to incentivizing people and maximizing social welfare. This article reviews the behavioral literature on court decision making, and highlights numerous heuristics and biases that impact judges and jurors and cause them to make decisions that diverge from the social optimum. In light of this review, the article analyzes some of the institutional features of the court system that may help minimize the costs of biased decisions in the courts.

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Why So Many Bankruptcies and What to Do About It: An Economic Analysis of Consumer Bankruptcy Law and Bankruptcy Reform

SSRN Electronic Journal ◽

10.2139/ssrn.454121 ◽

2003 ◽

Author(s):

Todd J. Zywicki

Keyword(s):

Economic Analysis ◽

Bankruptcy Law ◽

Consumer Bankruptcy

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The Regional Nudger: Wie Erkenntnisse der Verhaltensökonomie die Regionalpolitik und die politische Praxis auf Länderebene verbessern können

Zeitschrift für Wirtschaftspolitik ◽

10.1515/zfwp-2020-2026 ◽

2020 ◽

Vol 69 (1) ◽

pp. 69-87

Author(s):

Sebastian Kunte

Keyword(s):

Public Policy ◽

Economic Analysis ◽

Behavioral Economics ◽

Regional Policy ◽

Regional Politics ◽

Behavioral Sciences ◽

Social Phenomena

AbstractIn many cases, behavioral economics has been advancing public policy. This is usually being done in one of two ways: First, behavioral sciences offer explanations for social phenomena that may not be explained by traditional economic analysis (diagnostic function). Second, they extend the decision maker’s “political toolbox” (therapeutic function). This potential has not yet been fully exploited for regional policy and politics. Thus, in the second part of this paper we outline specific suggestions how behaviorally informed regional policy might look like and how regional politics can benefit from the so-called “behavioral turn”. The two critical premises are open-mindedness and courage.

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The R.B.Q. (Rational, Behavioral and Quantified) Model

Ekonomika ◽

10.15388/ekon.2019.1.1 ◽

2019 ◽

Vol 98 (1) ◽

pp. 6-18 ◽

Cited By ~ 1

Author(s):

Constantinos Challoumis

Keyword(s):

Full Article ◽

Economic Analysis ◽

Behavioral Economics ◽

Economic Model ◽

Critical Examination ◽

Behavioral Economic ◽

Economic Theories ◽

Quantification Method ◽

Methodological Approaches

[full article and abstract in English] This paper is about the classic methods used in the analysis of economics. More precisely, the R.B.Q. (Rational, Behavioral, and Quantified) model is about rational economics and behavioral economic analysis in conjunction with the quantification procedure (Q.E. method). Therefore, in this work are submitted the most common methodological approaches used in economics including a form of their combination. What follows is a critical examination that extendedly scrutinizes the terminology of axiomatic methods. One of the aims of this paper to represent the special characteristics of rational economics in comparison to the case of behavioral economics. Then provided is an analysis wherein the issues relevant to this are represented, and on the basis of which the main differences between the two concepts are showed. Hence, the aim here is to show the crucial attributes of these concepts. This study also uses a quantification method to show the behavior of these two economic theories within their relation to one another, demonstrating a complete view of them in a single economic model.

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Business Ethics

10.1093/oso/9780198864776.001.0001 ◽

2021 ◽

Author(s):

Christoph Lutge ◽

Matthias Uhl

Keyword(s):

Business Ethics ◽

Economic Analysis ◽

Behavioral Economics ◽

Theoretical Foundation ◽

Corporate Ethics ◽

Abstract Concepts ◽

Comprehensive Overview ◽

Business Studies ◽

The Individual

Business ethics continues to gain importance in the curricula of business studies courses. This book provides a comprehensive overview of both the essential concepts of business ethics related to the economy as a whole, and the more narrowly understood corporate ethics related to the individual company. In contrast to other works on the same topic, special emphasis is placed on a coherent theoretical foundation that puts tools of economic analysis, including behavioral economics, at the center. In particular, the importance of both empirical research and dilemma structures for business ethics receives special attention. The largest chapter of the book is devoted to corporate ethics and provides students and academics with guidance in the theoretical classification of the variety of concepts that often coexist in the debate. Abstract concepts are illustrated with the help of practice boxes.

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