On the Explanation of Rules Using Rational Choice Models
Journal of Economic Issues, Vol. 13, pp. 49-72, 1979
24 Pages Posted: 25 Mar 2008
Abstract
The attempt to explain rule variation using rational choice models faces serious problems. An important range of phenomena, such as cooperation, cartels, and more generally the rules which organize economic activity, may need to be approached on a case-by-case basis. This necessitates the redevelopment of historical, institutional, and legal sensitivities to complement the analytical and statistical techniques emphasized in economics instruction.
Keywords: Institutions, legal systems, economic development
JEL Classification: B25, K00, N00
Suggested Citation: Suggested Citation
Field, Alexander J., On the Explanation of Rules Using Rational Choice Models. Journal of Economic Issues, Vol. 13, pp. 49-72, 1979, Available at SSRN: https://ssrn.com/abstract=1112344
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