Behavioral Analysis of Commercial Law: Corporate Law, Securities Regulation, and Antitrust

Posted by Social Science Research Network

Behavioral Analysis of Commercial Law: Corporate Law, Securities Regulation, and Antitrust

By Doron Teichman & Eyal Zamir (Hebrew University of Jerusalem)

The chapter critically surveys the behavioral analysis of commercial law. It begins by examining the preliminary question of whether bounded rationality can persist in well-functioning, highly competitive markets. As the theoretical analysis and empirical evidence demonstrate, irrational behavior is present even in such settings. The chapter goes on to discuss the implications of behavioral analysis for key issues within corporate law, securities regulation, and antitrust law (i.e., competition law).

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