Showing 291 - 300 of 307
Buchanan's work on the methodology of economics includes many references to externalities. Buchanan has emphasized that a subjective conception of economics, and a focus put on exchange rather than on choice, has implications on an analysis of externalities. In this paper, we analyze the reverse...
Persistent link: https://www.econbiz.de/10011048166
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The objective of this paper is to illustrate a potential problem in Samaritan's dilemmas: that Samaritans have a vested interest in encouraging parasitism. In effect, they gain from their altruism. To demonstrate this result, we show that the Nash equilibrium in a Samaritan's dilemma is a Pareto...
Persistent link: https://www.econbiz.de/10011100175
The thesis that judges could (voluntarily or not) promote efficiency through their decisions has largely been discussed since Posner put it forward in the early 1970s. There nonetheless remains a methodological aspect that has never (to our knowledge) been analyzed in relation to the...
Persistent link: https://www.econbiz.de/10011039748
Calabresi and Coase, two of the founding fathers of the “law and economics” movement are frequently, and paradoxically, put on the same footing for having put forward the same results. The purpose of this paper is to investigate this proximity by analyzing Calabresi's works published in the...
Persistent link: https://www.econbiz.de/10011039750
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In spite of the clear objective assigned to the integration process in the 1950s, the institutional status of the European Union remains ambiguous and uneasy to define. The argument that we present in this article is that Europe has always hesitated between two forms of federalism. We use an...
Persistent link: https://www.econbiz.de/10005272605
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Provides a discussion of the spontaneous order approach to the making of the future European constitution. We thus investigate the normative content of collective decisions in the Scottish Enlightenment tradition. Conditions of rightness depend on very strong assumptions. They shape a system of...
Persistent link: https://www.econbiz.de/10014863899