Showing 1 - 10 of 1,064
From produce to wine, we only consume things when they are ready. The courts are no different. That concept of "readiness" is how courts address cases and controversies as well. Justiciability doctrines, particularly ripeness, have a particularly important role in takings challenges to...
Persistent link: https://www.econbiz.de/10013095893
Despite economists' preference for the more objective concepts like preference, more emphasis should be given to the more subjective concepts like happiness, as happiness is our ultimate objective and as more money does not buy more happiness much, despite the rat race for material growth due to...
Persistent link: https://www.econbiz.de/10014076088
In this brief Article, I explore the growing empirical evidence in support of the public choice model of judicial decision making. Although legal scholars have traditionally been reluctant to engage in a critical inquiry into the role of judicial self-interest on judicial behavior, recent...
Persistent link: https://www.econbiz.de/10014178620
The aim of this paper is to analyse what does it happen when we introduce “violence”, threats and self-help, into economic models. This will be done considering the alternative between a market or a political allocation. The conclusions will be: a) That under standard assumptions there is no...
Persistent link: https://www.econbiz.de/10014135710
This paper tracks economists' rising, yet elusive and unstable interest in collective decision mechanism after World War II. We replace their examination of voting procedures and social welfare functions in the 1940s and 1950s in the context of their growing involvement with policy-making....
Persistent link: https://www.econbiz.de/10012990805
Environments with semi-ordered preferences, which may exhibit indifference intransitivity, are known to allow just-noticeable differences in preference intensity to serve as interpersonally comparable units of utility. I prove two impossibility theorems for social choice in such environments....
Persistent link: https://www.econbiz.de/10013322549
Conventional wisdom suggests that compulsory voting lowers the influence of specialinterest groups and leads to policies that are better for less privileged citizens, who often abstain when voting is voluntary. To scrutinize this conventional wisdom, I study public goods provision and rents to...
Persistent link: https://www.econbiz.de/10008758913
Free and fair elections are the cornerstone of a democratic system, but elections are common in other regimes as well. Such an election might be a pure farce, with the incumbents getting close to 100% of the vote. In other instances, incumbents allow opposition candidates to be on the ballot and...
Persistent link: https://www.econbiz.de/10012937772
We consider a test of expressive voting developed by Brennan and Lomasky (1993). They point out that in presidential elections the probability of a tie, and casting a decisive vote, increases “multi-billionfold” as the election becomes increasingly close. They conjecture that if voters are...
Persistent link: https://www.econbiz.de/10011902820
Recent studies in psychology and neuroscience find that fictional works exert strong influence on readers and shape their opinions and worldviews. We study the Potterian economy, which we compare to economic models, to assess how Harry Potter books affect economic literacy. We find that some...
Persistent link: https://www.econbiz.de/10011590696