Abstract

I argue for the usefulness of a value-based approach to legal regulation. The value-based approach designs institutions in ways that promote the development of values such as legitimacy. Such a development of values encourages people to follow the rules because they believe they ought to, rather than out of fear of punishment. I suggest that the deterrence approach has limits and that the values-based model is a more efficient and effective basis for encouraging people to bring their behavior into line with law and legal institutions.

Submitted: October 15, 2007 · Accepted: April 5, 2008 · Published: December 31, 2008

Recommended Citation

Tyler, Tom (2008) "Psychology and Institutional Design," Review of Law & Economics: Vol. 4 : Iss. 3, Article 6.
DOI: 10.2202/1555-5879.1233
Available at: http://www.bepress.com/rle/vol4/iss3/art6