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Path-Independent Consideration

The (Non) Economic Properties of the Law

by 1,* and 2
University of Pennsylvania Law School, 3501 Sansom Street, Philadelphia, PA 19104, USA
Department of Managerial Economics and Decision Sciences, Kellogg School of Management, Northwestern University, Evanston, IL 60208, USA
Author to whom correspondence should be addressed.
Academic Editor: Yusufcan Masatlioglu
Received: 29 November 2020 / Revised: 3 March 2021 / Accepted: 5 March 2021 / Published: 16 March 2021
(This article belongs to the Special Issue Limited Attention)
This paper shows that the logical properties of constraints imposed by law are fundamentally different from other constraints considered in economics such as budget constraints and bounded rationality constraints, such as the ones based on inattention or shortlisting. This suggests that to fully incorporate law into economics may require a revision of economic theory. View Full-Text
Keywords: law; order; rationalizability law; order; rationalizability
MDPI and ACS Style

Katz, L.; Sandroni, A. The (Non) Economic Properties of the Law. Games 2021, 12, 26.

AMA Style

Katz L, Sandroni A. The (Non) Economic Properties of the Law. Games. 2021; 12(1):26.

Chicago/Turabian Style

Katz, Leo, and Alvaro Sandroni. 2021. "The (Non) Economic Properties of the Law" Games 12, no. 1: 26.

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