Behavioral Analysis of Commercial Law: Corporate Law, Securities Regulation, and Antitrust
Forthcoming in - Behavioral Law and Economics (Oxford University Press, 2018)
37 Pages Posted: 22 Dec 2017 Last revised: 1 Feb 2018
Date Written: December 14, 2017
The chapter critically surveys the behavioral analysis of commercial law. It begins by examining the preliminary question of whether bounded rationality can persist in well-functioning, highly competitive markets. As the theoretical analysis and empirical evidence demonstrate, irrational behavior is present even in such settings. The chapter goes on to discuss the implications of behavioral analysis for key issues within corporate law, securities regulation, and antitrust law (i.e., competition law).
Keywords: behavioral economics, behavioral analysis of law, corporate law, securites regulation, antitrust law
JEL Classification: D03, D14, D21, D22, D40, G02, G11, G30, K40
Suggested Citation: Suggested Citation