Game theory and the law: rule interactive interpretation
Until this point, most research works have focused on how bad design of legal rules ay lead to opportunistic strategic behavior. This paper intends to show that even well-designed rules may lead to opportunistic strategic behavior due to bad communication of the “reasonability” of the legal rule, as...
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| Formato: | Online |
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Revista de Actualidad Mercantil
2014
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| Acceso en línea: | https://revistas.pucp.edu.pe/index.php/actualidadmercantil/article/view/13577 |
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oai:revistaspuc:article-135772022-08-10T16:17:42Z Game theory and the law: rule interactive interpretation Flores Borda, Guillermo Until this point, most research works have focused on how bad design of legal rules ay lead to opportunistic strategic behavior. This paper intends to show that even well-designed rules may lead to opportunistic strategic behavior due to bad communication of the “reasonability” of the legal rule, as well as to provide a definition of “reasonability” (i.e., good design) of the legal rules.This paper also intends to show how the personal interpretation of each player with respect to the strategy set and payoff structure of a legal rule impacts social interac- tion producing suboptimal social outcomes. Revista de Actualidad Mercantil 2014-12-01 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Artículo revisado por pares application/pdf https://revistas.pucp.edu.pe/index.php/actualidadmercantil/article/view/13577 Revista de Actualidad Mercantil; Núm. 3 (2014); 53-58 2523-2851 spa https://revistas.pucp.edu.pe/index.php/actualidadmercantil/article/view/13577/14201 Derechos de autor 2016 Revista de Actualidad Mercantil http://creativecommons.org/licenses/by/4.0 |
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Portal de Revistas PUCP |
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Portal de Revistas PUCP |
| language |
spa |
| format |
Online |
| author |
Flores Borda, Guillermo |
| spellingShingle |
Flores Borda, Guillermo Game theory and the law: rule interactive interpretation |
| author_facet |
Flores Borda, Guillermo |
| author_sort |
Flores Borda, Guillermo |
| title |
Game theory and the law: rule interactive interpretation |
| title_short |
Game theory and the law: rule interactive interpretation |
| title_full |
Game theory and the law: rule interactive interpretation |
| title_fullStr |
Game theory and the law: rule interactive interpretation |
| title_full_unstemmed |
Game theory and the law: rule interactive interpretation |
| title_sort |
game theory and the law: rule interactive interpretation |
| description |
Until this point, most research works have focused on how bad design of legal rules ay lead to opportunistic strategic behavior. This paper intends to show that even well-designed rules may lead to opportunistic strategic behavior due to bad communication of the “reasonability” of the legal rule, as well as to provide a definition of “reasonability” (i.e., good design) of the legal rules.This paper also intends to show how the personal interpretation of each player with respect to the strategy set and payoff structure of a legal rule impacts social interac- tion producing suboptimal social outcomes. |
| publisher |
Revista de Actualidad Mercantil |
| publishDate |
2014 |
| url |
https://revistas.pucp.edu.pe/index.php/actualidadmercantil/article/view/13577 |
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AT floresbordaguillermo gametheoryandthelawruleinteractiveinterpretation |
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