Entitlements and obligations

Ekkehart Schlicht

Market interactions are brought about by the interplay of entitlements and obligations. Entitlements are rights, as perceived by the individuals. They are subjectively perceived rights that go along with a motivational disposition to defend them. Obligations are the counterparts of entitlements. They refer to claims of others that are subjectively accepted, and go along with a motivational disposition to respect these claims. Very simple transactions must rely on a system of entitlements and obligations. Simple selfishness would not be sufficient to bring them about or sustain them. This is especially true for nonenforceable contracts. The relationship of entitlements and obligations to norms is also discussed.

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Year of publication:	2016
Authors:	Schlicht, Ekkehart
Publisher:	Munich : Department of Economics, University of Munich
Subject:	claims \| contract enforcement \| contracts \| entitlements \| interactions \| motivation \| norms \| obligations \| rights \| Vertrag \| Contract \| Rechtsdurchsetzung \| Law enforcement \| Vertragstheorie \| Contract theory \| Vertragsrecht \| Contract law \| Soziale Norm \| Social norm \| Motivation \| Leistungsanreiz \| Performance incentive \| Experiment \| Sachenrecht \| Law of property

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Extent:	1 Online-Ressource (circa 21 Seiten) Illustrationen
Series:	Münchener Wirtschaftswissenschaftliche Beiträge : VWL ; discussion papers. - München : Univ., ZDB-ID 2296321-2. - Vol. no. 2016, 20
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	This is an electronic reprint of the second chapter of the book "On Custom in the Economy" by Ekkehart Schlicht that has been published in 1998 by the Clarendon Press, Oxford. The chapter focusses on the behavioral entailments of concluding a contract. - Vorwort
Other identifiers:	hdl:10419/156376 [Handle]
Classification:	A12 - Relation of Economics to Other Disciplines ; D01 - Microeconomic Behavior: Underlying Principles ; D03 - Behavioral Economics; Underlying Principles ; D86 - Economics of Contract: Theory ; K11 - Property Law ; K12 - Contract Law ; L14 - Transactional Relationships; Contracts and Reputation; Networks ; P14 - Property Rights ; P48 - Legal Institutions; Property Rights
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011568557