There is a significant growth of behavior economics in the last decade. The goal of the behavior research is aimed at the deviations from rationality in order to improve the predictive power of economic models. In this paper, attached to the specific auditing process, I want to classify the neglecting relevant information due to judgment by representative which causes the bias, or the error of ...

An economic model of fertility choice is presented and discussed in which the utility level of agents depends upon their consumption, the number of children they have, and upon the consumption of their children. Parents are altruistic toward their children, but in a more limited sense than in the fertility model presented by Becker and Barro in 1988, in which the utility of parents depends upo...

This introductory chapter provides an overview of the contents of the volume titled Research Handbook on Economic Models of Law, forthcoming (Edward Elgar).

This paper explores the gap between the principles of take-back legislation and their implementation. The discussion is based on my experience with take-back legislation implementations in Europe and in the United States, as well as my research exploring the underlying economics of take-back systems on the ground. I argue that the transposition of legislative principles into working systems can...

In the United States, highly religious people tend to live longer, have fewer health and mental problems, steal less, volunteer more time, and give away more money than others. Even when other relevant factors are controlled for statistically, these differences persist. Moreover, in many cases the religiosity of the community influences these factors as much as the religiosity of individuals. T...

The paper examines ``popular'' models of ®nancial markets constructed in contemporary ®nancial journalism about ethical investment. Ethical investment is likely to be a fruitful area for the identi®cation of popular models as they explicitly include moral criteria in addition to the more familiar concerns of risk and return. Unlike ``economic'' models, these popular models are characterised by ...

Corruption has different efficiency effects across countries. Conventional economic models of corruption are shown to be deficient in explaining these differences. Instead the article suggests that the distribution of power within the patron-client networks in which corruption is taking place is an important variable explaining the differences in the efficiency effects of corruption. Where patr...

This paper reviews the existing law and economics literature on crime, noting where various models might apply to the terror context. Specifically, it focuses on two strands of the literature, deterrence and incapacitation. It considers anti-terror measures enacted by different countries, highlighting how the details of the laws correspond to the insights from economic models of crime. In concl...