The relationship between risk in the environment, risk aversion and inequality aversion is not well understood. Theories of fairness have typically assumed that pie sizes are known ex-ante. Pie sizes are, however, rarely known ex ante. Using two simple allocation problems—the Dictator and...

Nobody would claim that regulators, or academics working on regulatory policy, have neglected the Internet. But most of this work is attracted by the global character of the Internet. Admittedly this is a serious challenge to regulation. But it is not the only, and probably not even the most...

Die Juristen haben eine gespaltene Beziehung zu Treu und Glauben. Es soll gerecht zugehen. Deshalb sollen treuwidrige Entscheidungen vermieden werden. Aber für den offenen Rückgriff auf normative Wertungen haben Juristen keine spezifische professionelle Kompetenz. Dieser Beitrag macht aus der...

Nobody would claim that regulators, or academics working on regulatory policy, have neglected the Internet. But most of this work is attracted by the global character of the Internet. Admittedly this is a serious challenge to regulation. But it is not the only, and probably not even the most...

The market for copyrights is characterised by a highly skewed distribution of profits: very few movies, books and songs generate huge profits, whereas the great bulk barely manages to recover production cost. At the moment when the owner of intellectual property grants a licence ('ex ante'),...

Die Juristen haben eine gespaltene Beziehung zu Treu und Glauben. Es soll gerecht zugehen. Deshalb sollen treuwidrige Entscheidungen vermieden werden. Aber für den offenen Rückgriff auf normative Wertungen haben Juristen keine spezifische professionelle Kompetenz. Dieser Beitrag macht aus der...

The market for copyrights is characterised by a highly skewed distribution of profits: very few movies, books and songs generate huge profits, whereas the great bulk barely manages to recover production cost. At the moment when the owner of intellectual property grants a licence ("ex ante"),...