Pub. date: 2007 | Online Pub. Date: September 25, 2007 | DOI: 10.4135/9781412952637 | Print ISBN: 9780761923879 | Online ISBN: 9781412952637| Publisher:Sage Publications, Inc.About this encyclopedia
The use of mathematical modeling in legal scholarship is a relatively recent phenomenon. The law and economics movement brought mathematics to bear on legal analysis in both the positive and normative spheres. Given the increasingly technical nature of modern microeconomics, it is not surprising that law and economics scholars would adopt applied mathematics as their shorthand. In addition to connecting law and economics scholarship with mainstream economics, the use of formal methods allows for increased precision in legal analysis and argumentation and exposes the underlying implicit assumptions of the scholar. Further, modeling allows for the generation of precise testable hypotheses to which one can apply powerful statistical analyses. In that sense, formal analyses of ...