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Behavioural Economics, Neuroeconomics, and Corporate Law
2020Behavioural economics is an established field. Still it carries the premises that the actions of corporate players are only to a minor degree led by self-interest, rationality, and self-discipline. Bias portrayed throughout behavioural economics offers an alternative to rational-theoretical standard theory as it allows predictions about the systematic ...
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Northern Ireland Legal Quarterly, 2022
The behavioural turn in economics has spilled over into the field of law and economics. Some scholars even consider behavioural economics a variety of new legal realism, invoking earlier efforts to promote law as a behavioural and social science. In fact, behavioural economics works towards more realistic assumptions about human behaviour by drawing on
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The behavioural turn in economics has spilled over into the field of law and economics. Some scholars even consider behavioural economics a variety of new legal realism, invoking earlier efforts to promote law as a behavioural and social science. In fact, behavioural economics works towards more realistic assumptions about human behaviour by drawing on
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A behavioural law and economics perspective on EU restructuring and insolvency law
2021The article discusses the relevance of behavioural insights in policy making by the European legislator when drafting the European Union Directive on restructuring and insolvency. The Directive imposes an obligation on the Member States to arrange for preventive restructuring frameworks, which will incentivize debtors in sight of distress but with a ...
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Regulation of Automatic Renewal Clauses: A Behavioural Law and Economics Approach
Journal of Consumer Policy, 2015Many consumer contracts, such as magazine subscriptions, mobile phone contracts, or fitness club subscriptions, are fixed-term contracts containing an automatic renewal clause. This paper provides the rationale of why such contracts are signed and what are the economic and legislative impacts of such clauses.
Vandenberghe, Ann-Sophie, kovac, Mitja
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European Perspectives on Behavioural Law and Economics
2015Foreword Sebastian Heselhaus.- Preface Klaus Mathis.- Introduction Klaus Mathis.- About the Authors.- Part I: Foundations.- 1 European and American Perspectives on Behavioral Law and Economics Thomas Ulen.- 2 The Next Generation of Behavioural Law and Economics Avishalom Tor.- 3 From Rational Choice to Behavioural Economics Klaus Mathis and Ariel David
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Behavioural Law and Economics: Regulatory Reform of Consumer Credit and Consumer Financial Services
SSRN Electronic Journal, 2014This paper examines the influence of behavioural research on economic policy-making, as it relates to the regulation of consumer credit and consumer financial services. Using the examples of credit cards in the USA and Australia, and retirement savings infrastructure in the USA, New Zealand and Australia, we investigate the impact of ‘nudging’ on ...
P. Ali, I. Ramsay, C. Read
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Regulation of Automatic Renewal Clauses: Traditional Versus Behavioural Law and Economics Approach
SSRN Electronic Journal, 2013Many consumer contracts, such as magazine subscriptions, mobile phone contracts or fitness club subscriptions, are fixed-term contracts containing an automatic renewal clause. This paper provides the rationale of why such contracts are signed and what are the economic and legislative impacts of such clauses.
Mitja Kovac, Ann-Sophie Vandenberghe
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The Next Generation of Behavioural Law and Economics
2015The paper examines some of the important tasks awaiting the next generation of scholarship in behavioural law and economics. Some of these tasks reflect the need for expanding the breadth of the behavioural approach to law while others involve the mission of increasing its depth. The following sections examine each category in turn.
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SSRN Electronic Journal, 2019
The exemption for alcoholic beverages from the nutrition declaration is currently discussed by policy makers. In this contribution, we use findings from consumer studies in order to analyse alcohol nutrition labelling. We first explain how alcohol nutrition labelling is currently regulated and survey the on-going policy process, including an analysis ...
Schebesta, H. +2 more
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The exemption for alcoholic beverages from the nutrition declaration is currently discussed by policy makers. In this contribution, we use findings from consumer studies in order to analyse alcohol nutrition labelling. We first explain how alcohol nutrition labelling is currently regulated and survey the on-going policy process, including an analysis ...
Schebesta, H. +2 more
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European and American Perspectives on Behavioural Law and Economics
2015Behavioural law and economics is one of the two most significant developments currently going on in legal scholarship. In this essay, I seek to describe, first, why behavioural law and economics is so important and to give a brief example of how it has altered the law-and-economic analysis of one significant area of substantive law—criminal law and ...
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