IDEAS home Printed from https://ideas.repec.org/a/bpj/rlecon/v7y2011i3n4.html
   My bibliography  Save this article

Reinvigorating Comparative Law through Behavioral Economics? A Cautiously Optimistic View

Author

Listed:
  • De Coninck Julie

    (University of Leuven and University of Antwerp)

Abstract

The purpose of this article is to investigate whether (evolutionary informed) research in behavioral economics can be of use to reinvigorate comparative legal research. The article is structured as follows. After a brief introduction, the second section identifies two overarching (and closely related) deficiencies that seem to permeate the various contemporary comparative law methodologies: first, their widespread disinterest in empirical support that would substantiate or refute their distinct working assumptions and often sweeping claims, and second, the lack of specification of the otherwise oft-invoked notion of culture. The third section then explores whether research in behavioral economics can be put to use to address these deficiencies. First, it is submitted that the behavioral patterns that form the subject matter of behavioral economics offer an interesting avenue for developing empirically better underpinned and legally sufficiently neutral comparative standards. Subsequently, the article examines research that is collecting data on cross-cultural differences in behavior, attempting to relate the observed behavioral variability to more specified macro-level variables. Although clearly much work remains to be done, it is argued that this type of research can be instructive for comparative legal scholars who take an interest in developing an alternative to the (use of a) fourre-tout concept of culture in comparative law.

Suggested Citation

  • De Coninck Julie, 2011. "Reinvigorating Comparative Law through Behavioral Economics? A Cautiously Optimistic View," Review of Law & Economics, De Gruyter, vol. 7(3), pages 711-736, December.
  • Handle: RePEc:bpj:rlecon:v:7:y:2011:i:3:n:4
    DOI: 10.2202/1555-5879.1557
    as

    Download full text from publisher

    File URL: https://doi.org/10.2202/1555-5879.1557
    Download Restriction: For access to full text, subscription to the journal or payment for the individual article is required.

    File URL: https://libkey.io/10.2202/1555-5879.1557?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. repec:cup:judgdm:v:2:y:2007:i::p:107-114 is not listed on IDEAS
    2. Amos Tversky & Daniel Kahneman, 1991. "Loss Aversion in Riskless Choice: A Reference-Dependent Model," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(4), pages 1039-1061.
    3. Hessel Oosterbeek & Randolph Sloof & Gijs van de Kuilen, 2004. "Cultural Differences in Ultimatum Game Experiments: Evidence from a Meta-Analysis," Experimental Economics, Springer;Economic Science Association, vol. 7(2), pages 171-188, June.
    4. repec:cup:judgdm:v:3:y:2008:i:6:p:476-482 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Du Laing Bart & De Coninck Julie, 2011. "Introduction: Symposium on Evolutionary Approaches to (Comparative) Law: Integrating Theoretical Perspectives," Review of Law & Economics, De Gruyter, vol. 7(3), pages 653-658, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Guillermo Baquero & Willem Smit & Luc Wathieu, 2013. "The generosity effect: Fairness in sharing gains and losses," ESMT Research Working Papers ESMT-13-08, ESMT European School of Management and Technology.
    2. Breitmoser, Yves & Vorjohann, Pauline, 2018. "Welfare-Based Altruism," Rationality and Competition Discussion Paper Series 89, CRC TRR 190 Rationality and Competition.
    3. Mason, Susan G. & Holley, Don & Wells, Aaron & Jain, Amit & Wuerzer, Thomas & Joshi, Alark, 2016. "An experiment-based methodology to understand the dynamics of group decision making," Socio-Economic Planning Sciences, Elsevier, vol. 56(C), pages 14-26.
    4. Breitmoser, Yves & Vorjohann, Pauline, 2022. "Fairness-based Altruism," Center for Mathematical Economics Working Papers 666, Center for Mathematical Economics, Bielefeld University.
    5. Chen, Yunong & Belmonte, Andrew & Griffin, Christopher, 2021. "Imitation of success leads to cost of living mediated fairness in the Ultimatum Game," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 583(C).
    6. Wiebke Roß & Jens Weghake, 2018. "Wa(h)re Liebe: Was Online-Dating-Plattformen über zweiseitige Märkte lehren," TUC Working Papers in Economics 0017, Abteilung für Volkswirtschaftslehre, Technische Universität Clausthal (Department of Economics, Technical University Clausthal).
    7. Jose Apesteguia & Miguel Ballester, 2009. "A theory of reference-dependent behavior," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 40(3), pages 427-455, September.
    8. Robert Jiro Netzer & Matthias Sutter, 2009. "Intercultural trust. An experiment in Austria and Japan," Working Papers 2009-05, Faculty of Economics and Statistics, Universität Innsbruck.
    9. Kareen Rozen, 2010. "Foundations of Intrinsic Habit Formation," Econometrica, Econometric Society, vol. 78(4), pages 1341-1373, July.
    10. Luigi Guiso, 2015. "A Test of Narrow Framing and its Origin," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 1(1), pages 61-100, March.
    11. Pingle, Mark & Mitchell, Mike, 2002. "What motivates positional concerns for income?," Journal of Economic Psychology, Elsevier, vol. 23(1), pages 127-148, February.
    12. Besley, Timothy & Meads, Neil & Surico, Paolo, 2014. "The incidence of transaction taxes: Evidence from a stamp duty holiday," Journal of Public Economics, Elsevier, vol. 119(C), pages 61-70.
    13. Shunda, Nicholas, 2009. "Auctions with a buy price: The case of reference-dependent preferences," Games and Economic Behavior, Elsevier, vol. 67(2), pages 645-664, November.
    14. Christian Grund & Dirk Sliwka, 2007. "Reference-Dependent Preferences and the Impact of Wage Increases on Job Satisfaction: Theory and Evidence," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 163(2), pages 313-335, June.
    15. Hu, Li & Ma, Hoi-Lam & Wang, Li & Liu, Yang, 2023. "Hiding or disclosing? Information discrimination in member-only discounts," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 171(C).
    16. Botond Kőszegi & Matthew Rabin, 2006. "A Model of Reference-Dependent Preferences," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 121(4), pages 1133-1165.
    17. Daniel W. Elfenbein & Anne Marie Knott & Rachel Croson, 2017. "Equity stakes and exit: An experimental approach to decomposing exit delay," Strategic Management Journal, Wiley Blackwell, vol. 38(2), pages 278-299, February.
    18. Shuli Liu & Xinwang Liu, 2016. "A Sample Survey Based Linguistic MADM Method with Prospect Theory for Online Shopping Problems," Group Decision and Negotiation, Springer, vol. 25(4), pages 749-774, July.
    19. Liqi Zhu & Gerd Gigerenzer & Gang Huangfu, 2013. "Psychological Traces of China's Socio-Economic Reforms in the Ultimatum and Dictator Games," PLOS ONE, Public Library of Science, vol. 8(8), pages 1-6, August.
    20. repec:cup:judgdm:v:8:y:2013:i:2:p:136-149 is not listed on IDEAS
    21. Marianne Bertrand & Dean S. Karlan & Sendhil Mullainathan & Eldar Shafir & Jonathan Zinman, 2005. "What's Psychology Worth? A Field Experiment in the Consumer Credit Market," Working Papers 918, Economic Growth Center, Yale University.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bpj:rlecon:v:7:y:2011:i:3:n:4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.degruyter.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.