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What Predicts a Successful Life? A Life-Course Model of Well-Being
Layard, Richard - 2013
If policy-makers care about well-being, they need a recursive model of how adult life-satisfaction is predicted by … childhood influences, acting both directly and (indirectly) through adult circumstances. We estimate such a model using the … British Cohort Study (1970). The most powerful childhood predictor of adult life-satisfaction is the child's emotional health …
Persistent link: https://www.econbiz.de/10013073851
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Corporate Social Responsibility in a Remedy-Seeking Society : A Public Choice Perspective
Kochan, Donald J. - 2014
Written for the Chapman Law Review Symposium on “What Can Law & Economics Teach Us About the Corporate Social Responsibility Debate?,” this Article applies the lessons of public choice theory to examine corporate social responsibility. The Article adopts a broad definition of corporate...
Persistent link: https://www.econbiz.de/10013062441
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Coase Minus the Coase Theorem - Some Problems with Chicago Transaction Cost Analysis
Schlag, Pierre - 2013
In law as well as economics, the most well-known aspect of Coase's “The Problem of Social Cost,” is the Coase Theorem. Over the decades, that particular notion has morphed into a crucial component of Chicago law and economics — namely, transaction cost analysis. In this Article, I...
Persistent link: https://www.econbiz.de/10013076720
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Humans in the perfectly competitive market
Nyborg, Karine - 2019
The perfectly competitive market - a hypothetical situation free of market failure - serves as a benchmark for economic theory, providing the basis for the two fundamental welfare theorems. The radical abstractions of this idea makes it hard to grasp its full implications, however. In this...
Persistent link: https://www.econbiz.de/10011974924
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Green Eggs and Ham : The CISG, Path Dependence, and the Behavioural Economics of Lawyers’ Choices of Law in International Sales Contracts
Spagnolo, Lisa - 2022
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
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Self Confidence : Intrapersonal Strategies
Bénabou, Roland; Tirole, Jean - 2010
This paper analyzes the self-identification process and its role in motivation. We build a model of self-confidence where people have imperfect knowledge about their ability, which in most tasks is a complement to effort in determining performance. Higher self-confidence thus enhances...
Persistent link: https://www.econbiz.de/10014161487
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Second-Best Considerations in Correcting Cognitive Biases
Besharov, Gregory - 2003
Studies in psychology and behavioral economics have found that decision-making is replete with cognitive biases. Using stylized examples of time inconsistency, regret, and overconfidence, this paper demonstrates how biases may offset each other and lead to correct decisions. If only some biases...
Persistent link: https://www.econbiz.de/10014089017
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A Framework for Understanding Property Regulation and Land Use Control from a Dynamic Perspective
Kochan, Donald J. - 2015
Our land use control system operates across a variety of multidimensional and dynamic categories. Learning to navigate within and between these categories requires an appreciation for their interconnected, dynamic, and textured components and an awareness of alternative mechanisms for achieving...
Persistent link: https://www.econbiz.de/10014135133
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Legal Paternalism : Economic Analysis Subject to Deontological Constraints
Zamir, Eyal; Medina, Barak - 2016
This is a chapter of our book titled Law, Economics, and Morality (OUP, 2010), in which we propose to integrate threshold deontological constraints (and options) with cost-benefit analysis, thus combining economic methodology with moderate (threshold) deontological morality. This chapter...
Persistent link: https://www.econbiz.de/10014136676
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The Disability–Employability Divide : Bottlenecks to Equal Opportunity
Areheart, Bradley A.; Stein, Michael Ashley - 2018
Joseph Fishkin’s new book, Bottlenecks, reinvigorates the concept of equal opportunity by simultaneously engaging with its complications and attempting to simplify its ambitions. Fishkin describes bottlenecks as narrow spaces in the opportunity structure through which people must pass if they...
Persistent link: https://www.econbiz.de/10014143456