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) efficiency in the use of instruments of justice implies that there is rivalry between the two justices and the opportunity cost …) efficiency in the use of instruments of justice implies that there is rivalry between the two justices and the opportunity cost … and the opportunity cost of either justice is zero. -- economics ; efficiency ; intragenerational and intergenerational …
Persistent link: https://www.econbiz.de/10009356137
. This study, on the other hand, seeks to establish evidence on unbiased justice and to propose and demonstrate a general … approach for measuring impartial views empirically. Most normative justice theories associate impartiality with limited … between consensus and impartiality, this paper seeks to help lay an empirical foundation for welfare analysis, social choice …
Persistent link: https://www.econbiz.de/10012730263
account factors other than individual welfare is Pareto-inefficient; in particular, they argue at length that notions of … fairness - insofar as they do not directly contribute to individual welfare - should be eschewed as a basis for policy … pluralistic or majoritarian decisionmaking are prone to welfare-inefficient outcomes. Judicial intervention could be seen to …
Persistent link: https://www.econbiz.de/10014058485
) efficiency in the use of instruments of justice implies that there is rivalry between the two justices and the opportunity cost … indispensable) for assessing the trade-off between intergenerational and intragenerational justice. Economic analysis can delineate … the “opportunity set” of politics with respect to the two normative objectives of inter- and intragenerational justice, i …
Persistent link: https://www.econbiz.de/10013113658
This paper investigates the driving forces behind informal sanctions in cooperation games and the extent to which theories of fairness and reciprocity capture these forces. We find that cooperators' punishment is almost exclusively targeted towards the defectors but the latter also impose a...
Persistent link: https://www.econbiz.de/10003031484
We analyze the Moral Hazard problem, assuming that agents are inequity averse. Our results differ from conventional contract theory and are more in line with empirical findings than standard results. We find: First, inequity aversion alters the structure of optimal contracts. Second, there is a...
Persistent link: https://www.econbiz.de/10003011503
deterministic assignment in its support is Pareto efficient. We show that ordinal efficiency implies robust ex-post Pareto … efficiency while the reverse does not hold. We know that strategy-proof and ordinal efficient mechanisms satisfy neither equal … weakening ordinal efficiency to robust ex-post Pareto efficiency …
Persistent link: https://www.econbiz.de/10013296832
indebtedness (retro-gifts). Normative opinions about societies, and in particular about justice, imply and require altruism and …
Persistent link: https://www.econbiz.de/10014023682
Why do lawyers in some jurisdictions continue to ‘automatically’ exclude the 1980 UN Convention on Contracts for the International Sale of Goods (CISG) in their choices of law for international sales contracts? Why do lawyers in other jurisdictions approach the decision very differently? Why...
Persistent link: https://www.econbiz.de/10014192105
This paper reports the results of an experimental investigation which allows a deeper insight into the nature of social preferences amongst organized criminals and how these differ from "ordinary" criminals on the one hand and from the non‐criminal population in the same geographical area on...
Persistent link: https://www.econbiz.de/10011458326