BEHAVIORAL LAW · Developing a behaviourally informed Approach to the legal regulation of Market Behaviour and Institutions
FP6 — Marie Curie Actions (Human Resources and Mobility)
- Duration
- 2006-02-01 → 2008-01-31
- EU contribution
- €80,000
- Participants
- 1
- Scheme
- IRG
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Results in brief
Final Activity and Management Report Summary - BEHAVIORAL LAW (Developing a Behaviorally Informed Approach to the Legal Regulation of Market Behavior and Institutions)
This project sought to advance the systematic development of a behavioural approach to the legal analysis of market behaviour and institutions. This goal was accomplished through a combination of novel theoretical and empirical studies at the intersection of law, economics, and the psychology of judgment and decision making. The project's most important scientific achievements therefore concerned the advancement of legal scholarship by providing a systematic foundation and evaluation of the behavioural analysis of law; the implementation of a series of experimental studies of some variables that shape competitive behaviour; and the development of novel legal applications in different fields of law.
Data: CORDIS, © European Union
Project objective
The proposed research aims to develop the analysis of the legal regulation of market behaviour and institutions, including contracts, business associations, and competition law. Specifically, this work will examine the significance and implications of empirical psychological findings on human judgment and decision making for the legal analysis of the aforementioned areas. It will do so by applying robust psychological findings to novel legal issues.Research foci will include:a) a systematic mapping of main behavioural findings in relation to the law, with a special emphasis on criteria for and policy implications of distinguishing boundedly rational from hyper-rational behaviour;b) an examination of variables promoting and hindering cooperation and rivalry as they relate to competition law, especially in the area of horizontal restraints of trade; and a study of the behavioural components of and solutions for the pervasive agency problem that arises in various legal domains; including agency, partnership, corporations and more; where the agent has control over the principal's resources and may abuse this power for his personal ends.Supporting this research through the reintegration grant will provide the researcher with the necessary resources to promote this research agenda at the University of Haifa Faculty of Law, directly and fully promoting the goals of this action. It will also help position European research in the forefront of current legal scholarship.
Original text from CORDIS.
Participants
- UNIVERSITY OF HAIFA · HAIFACoordinatorIsrael
Links
Data: CORDIS, © European Union