Results 21 to 30 of about 182,957 (315)
A Law and Behavioural Economics Analysis of High-Cost Lending in New Zealand
The most interesting recent developments in economics have come from behavioural economics, which attempts to model how people will behave in real life situations. The insights offered by behavioural economics can also be applied to law. This article discusses law and behavioural economics generally, and then applies it to the New Zealand high-cost ...
Jeremiah McLanahan
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An Introduction to the Special Issue on “Behavioural Economics, Consumer Policy, and Consumer Law” [PDF]
European consumer policy—coupled with the European Economic Constitution and European consumer law—is based on an assumption of rational-acting consumers and suppliers and is deeply rooted in the information paradigm. The information paradigm indicates that asymmetric information can be an impediment to welfare-enhancing consumer decision making.
Hans‐W. Micklitz +3 more
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Regulation of Automatic Renewal Clauses: Traditional Versus Behavioural Law and Economics Approach
Many 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 Kovač, Ann-Sophie Vandenberghe
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False Promises? A Sociological Critique of the Behavioural Turn in Law and Economics
Economic bestsellers like Freakonomics and Nudge that mainly address outsiders of the economic discipline are also consumed by lawyers. The latter has already become an important reference in the field of consumer law and policy. In principle, this is nothing to complain about but part of law’s encounter with science, namely the social sciences ...
Sabine Frerichs
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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 ...
Hanna Schebesta +2 more
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Behavioural Law and Economics: Regulatory Reform of Consumer Credit and Consumer Financial Services
This 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 ...
Paul Ali, Ian Ramsay, Cate Read
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English common law versus German <em>Systemdenken?</em><br>Internal versus external approaches
This article compares the 'systematic method' of continental German private law with the common law method. It starts out by discussing the characteristics of a systematic approach, its application to European private law as well as its methodological ...
Karl Riesenhuber
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Behavioural Analysis of Criminal Law: A Survey
This article is a survey of behavioural analysis of criminal law. Behavioural analysis of criminal law exploits social science methodologies (behavioural economics, psychology and even sociology) to explore the effects of criminal law norms and ...
Alon Harel
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In the European Union (EU), the revised Payment Services Directive (PSD2) aims to provide more convenient and customized financial products through open banking (OB) platforms.
Massimo Preziuso +2 more
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What Is the 'Social' in Behavioural Economics? The Methodological Underpinnings of Governance by Nudges [PDF]
Behavioural economics builds on psychology rather than on sociology, and on cognitive science rather than the science of culture. The same is true for new behavioural scholarship in the legal discipline, whether this is referred to as 'behavioural law ...
Frerichs, Sabine
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