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We propose a general model of decision-rights allocation and choice, formulated in the context of a dynamic psychological game. Decision rights are valued not only according to the value of the outcomes, but also according to the procedure by which outcomes are achieved. We introduce freedom,...
Persistent link: https://www.econbiz.de/10012972847
Since the dawn of their prolific collaboration in 1998, Daron Acemoglu and James A. Robinson have confronted a plethora of cardinal questions in social sciences: Which institutions support long-term growth (Acemoglu et al., 2005)? What economic conditions facilitate the consolidation of...
Persistent link: https://www.econbiz.de/10013288958
This paper develops the symmetric power order, a measure of voting power for multicandidate elections. The measure generalizes standard pivotality-based voting power measures for binary elections, such as Banzhaf power. At the same time, the measure is not based on pivotality, but rather on a...
Persistent link: https://www.econbiz.de/10014112437
In a series of recent cases, the High Court has adopted the position that constitutional freedoms operate as direct limits on legislative power only, and do not directly constrain the exercise of statutory executive powers. In this article, we analyse and critique the rationales for, and...
Persistent link: https://www.econbiz.de/10013298266
Axioms order preferences over endowments of essential liberties and power, but not all goods are modeled as non-satiated. Essential liberties are normal goods with respect to the budget constraint of power up to thresholds of satiation of power, after which essential liberties model as Giffen...
Persistent link: https://www.econbiz.de/10014168269
This essay outlines the big-picture aspects of capitalism and socialism, and uses this overview to discuss human liberty and economic liberty in each system. Additionally, I note that some have argued that capitalism is unfair or immoral and so I consider three specific and common moral...
Persistent link: https://www.econbiz.de/10014092273
In their paper ‘The CasP Project: Past, Present and Future’, Shimshon Bichler and Jonathan Nitzan invite readers to engage critically with their theoretical framework, known as capital as power (CasP). This call for further research, reactions and critiques is the perfect occasion to raise a...
Persistent link: https://www.econbiz.de/10011816279
This working paper contains an intervention by Corentin Debailleul and an extended reply by Shimshon Bichler and Jonathan Nitzan. The exchange was first posted on the Capital as Power Forum in January 2016. Debailleul's original questions are articulated at greater length here, while Bichler and...
Persistent link: https://www.econbiz.de/10011753680
We investigate experimentally whether the protégés' reaction to paternalism depends on the consequences of the paternalistic action to their well-being. We find that protégé punish a paternalist restricting their freedom of choice. Yet, this negative reaction is not based on principled...
Persistent link: https://www.econbiz.de/10010291822