This authoritative collection brings together a careful selection
of previously published articles that use economics to analyze the
interaction of law, on the one hand, and social norms and nonlegal
sanctions on the other. The articles cover a range of foundational
questions. What are social norms and nonlegal sanctions? Do strong
laws undermine social norms, thus weakening other valuable forms of
social cooperation? Can laws be used to exploit existing social
norms, so that the laws are more effective than they would be
otherwise? The contributing authors use a variety of economic
models and concepts to address these questions.
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