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

See all articles by Alexander J. Field

Alexander J. Field

Santa Clara University - Leavey School of Business - Economics Department

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

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

Alexander J. Field (Contact Author)

Santa Clara University - Leavey School of Business - Economics Department ( email )

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