Empirical Law and Economics
Document Type
Book Chapter
Publication Date
5-10-2017
Abstract
This article begins with a stylized history of empirical work in law and economics. It links the success of the empirical movement in law and economics with the so-called ‘credibility revolution’. The hallmark of this revolution has been a focus on research designs that helped overcome some of the impediments to empirical work in law schools. It then provides some methodological observations about a number of commonly used approaches to estimating policy effects. Next, it uses the literature on the economics of crime and criminal procedure to illustrate the ways in which many of these techniques have been used. It provides examples of fields — corporate law and economics and civil procedure — that would benefit from increased attention to modern empirical analysis and methods.
Keywords
empirical work, credibility revolution, criminal procedure, economics of crime, empirical analysis
Publication Title
The Oxford Handbook of Law and Economics, Volume 1: Methodology and Concepts
Repository Citation
Klick, Jonathan and Gelbach, Jonah, "Empirical Law and Economics" (2017). Book Chapters. 80.
https://scholarship.law.upenn.edu/faculty_chapters/80
https://doi.org/10.1093/oxfordhb/9780199684267.013.004
DOI
https://doi.org/10.1093/oxfordhb/9780199684267.013.004