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Fairness Versus Welfare : Notes on the Pareto Principle, Preferences, and Distributive Justice

Kaplow, Louis; Shavell, Steven - 2003

In Fairness versus Welfare, we advance the thesis that social policies should be assessed based entirely on their effects on individuals' well-being. This thesis implies that no independent weight should be accorded to notions of fairness (other than many purely distributive notions). We support...

Persistent link: https://www.econbiz.de/10014087566

Welfare Economics, Morality, and the Law

Shavell, Steven - 2003

This paper contains the chapters on welfare economics, morality, and the law from a general, forthcoming book, Foundations of Economic Analysis of Law (Harvard University Press, 2003). I begin in chapter 26 with a discussion of the normative foundations of economic analysis, namely, the subject...

Persistent link: https://www.econbiz.de/10014087570

Economic Analysis of Public Law Enforcement and Criminal Law

Shavell, Steven - 2003

enforcement are discussed in the chapters that follow. In chapter 20, the basic theory of public enforcement employing monetary … sanctions is discussed; in chapter 21, the basic theory of enforcement using nonmonetary sanctions is examined; and in chapter … 22, extensions to the basic theory are considered. Then, in chapter 23, functions of sanctions apart from deterrence …

Persistent link: https://www.econbiz.de/10014088892

Economic Analysis of Litigation and the Legal Process

Shavell, Steven - 2003

Economic Analysis of Law (Harvard University Press, 2003). In chapter 17, I consider the basic theory of litigation. Here I … chapter 18, I extend the basic theory of litigation, examining among other issues the bringing of negative value suits …, in chapter 19, I discuss several general aspects of the legal process not considered in the basic theory and its …

Persistent link: https://www.econbiz.de/10014088915

Specific Versus General Enforcement of Law

Shavell, Steven - 2021

The problem of optimal public enforcement of law is examined in a model in which two types of enforcement effort are distinguished: specific enforcement effort, activity devoted to apprehending and penalizing individuals who have committed a single type of harmful act; and general enforcement...

Persistent link: https://www.econbiz.de/10013227863

Corrective Taxation versus Liability

Shavell, Steven - 2010

Taxation and liability are compared here as means of controlling harmful externalities. It is emphasized that liability has an advantage over taxation: inefficiency of incentives arises under taxation when, as would be typical, it would be impractical for a tax to reflect all variables that...

Persistent link: https://www.econbiz.de/10013141285

The Corrective Tax versus Liability as Solutions to the Problem of Harmful Externalities

Shavell, Steven - 2010

importance in controlling harmful externalities. I compare the tax and liability here in theory and suggest that the conclusions …

Persistent link: https://www.econbiz.de/10013141302

Handbook of law and economics

Polinsky, Alan Mitchell (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003585863