Laws and Norms
---- Acknowledgements -----
We are grateful to Daron Acemoglu, Tim Besley, Betsy Paluck, Torsten Persson, Aleh Tsyvinski, Glen Weyl, Yao Zeng and participants at many seminars,lectures and conferences for valuable comments, and to Andrei Rachkov and Edoardo Grillo for superb research assistance. Bénabou gratefully acknowledges support from the Canadian Institute for Advanced Research. Both authors gratefully acknowledge support from the European Research Council (Grant No. FP7/2007-2013 - 249429) and from IDEI's "Chaire Association Finance Durable et Investissement Responsable" (AFG). The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.