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The purpose of this paper is twofold. We first develop a contractarian theory of redistribution. The existence of rules … of redistribution is explained without any recourse to the risk-aversion of individuals. Hence, we depart from the … standard legitimization of redistribution as fundamental insurance and interpret it as stemming from a principle of reciprocity …
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In this paper we deal with voluntary and compulsory redistribution in an economy where the enforcement of property … equilibrium. We were able to show the following results: (i) In some situations Pareto-improving redistribution occurs voluntarily … situation of partial anarchy in some market redistributive policies in other markets may help to reduce the inefficiency in the …
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themes' in his corpus-anarchy, contract, constitution, Pareto optimality, 'public choice' and so on. In doing so, we … investigate a number of tensions in Buchanan's conception-between a libertarian affinity with anarchy and constitutional …
Persistent link: https://www.econbiz.de/10010854404
conflicting parties. In fact, under anarchy both parties can be better off than under an international regime if mediation reduces …
Persistent link: https://www.econbiz.de/10009215173
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This paper investigates institutions that develop to strengthen or expand the discipline of continuous dealings as a mechanism for privately enforcing law. I consider three such institutions in three different anarchic contexts: that of Caribbean pirates; that of drug-dealing gangs and prison...
Persistent link: https://www.econbiz.de/10010863173
How do the members of societies that can’t use government or simple ostracism produce social order? To investigate this question I use economics to analyze Gypsy law. Gypsy law leverages superstition to enforce desirable conduct in Gypsy societies where government is unavailable and simple...
Persistent link: https://www.econbiz.de/10010863833