
A New Approach to Law and Economics

Le GREQAM (Groupement de Recherche en Économie Quantitative d'Aix-Marseille), le labex AMSE (Aix-Marseille School of Economics) et l'IDEP (Institut d’Économie Publique) organisent les 15èmes Journées d'économie publique Louis-André Gérard-Varet (LAGV) qui se dérouleront au Conservatoire Darius Milhaud à Aix-en-Provence, les lundi 13 et mardi 14 juin 2016.
Cette année, Kaushik Basu, vice-président et économiste en chef de la Banque Mondiale et professeur d'économie à l'Université de Cornell présentera une conférence publique en anglais intitulée "A New Approach to Law and Economics", le mardi 14 juin à 15h45.
AbstractLaw and economics deals with wide-ranging topics, from competition and environmental policy to crime control, and has been influential in shaping our thinking. Yet its success has fallen short of its potential. The discipline’s shortcomings are nowhere as visible as in developing economies, where a common refrain is how the law looks good on paper but does not get implemented. This lecture will demonstrate that there is a methodological flaw that underlies much of contemporary law and economics, and argue that there is an intimate connection between human beliefs and expectations, on the one hand, and the effectiveness of the law, on the other. I propose a new approach to law and economics that is rooted in game theory and rectifies the flaw. It will be argued that this approach can open up new areas of research and be marshalled to address some of the more pressing policy challenges of our time.
LieuAuditorium du Conservatoire Darius Milhaud
380 avenue W.A. Mozart
13100 Aix-en-Provence.