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We study experimentally whether and to what extent impartial decision makers are influenced by stakeholders’ fairness opinions in an allocation decision. The setting allows for different focal fairness rules to be considered. We compare communication treatments, in which one of the...
Persistent link: https://www.econbiz.de/10010751924
In this memorandum prepared for the Annual ABA National Institute on Class Actions, Professors Coffee and Lahav review and assess developments in class certification over recent years, and track trends in approaches to certification. Special attention is given to securities litigation, the use...
Persistent link: https://www.econbiz.de/10012947753
Qatar and Dubai have established financial centres which have been based upon the common law jurisdiction of England and Wales because of the advantages such a system can give to the development of their respective financial services industries. The Qatar Financial Centre (QFC) and the Dubai...
Persistent link: https://www.econbiz.de/10012982007
The term “liberty of contract” is usually associated with the doctrine that the due process clause of the United States Constitution prohibits or should prohibit the State from regulating contracts between private individuals. Many libertarians and free-market advocates embrace the liberty...
Persistent link: https://www.econbiz.de/10012982495
During the past few years arbitration has been under attack. Recent judicial decisions, newly enacted and proposed legislation, and populist sentiments are important and obviously can result in significant changes. But many of the criticisms leveled at arbitration can be addressed and, most...
Persistent link: https://www.econbiz.de/10014177067
Although most economic and positive political theory presumes the existence of an effective legal regime (protecting property rights or implementing legislative or judicial choices, for example), behavioral social science has devoted little systematic attention to the question of what...
Persistent link: https://www.econbiz.de/10014184737
Why is it important for people to agree on and articulate shared reasons for just laws, rather than whatever reasons they personally find compelling? What, if any, practical role does public reason play in liberal democratic politics? We argue that the practical role of public reason can be...
Persistent link: https://www.econbiz.de/10014184780
Currently, there are no adequate mechanisms under international law to balance the competing tensions climate change presents to state sovereignty. On one hand, climate change threatens state sovereignty because the catastrophic loss of life and property of millions of people would deprive...
Persistent link: https://www.econbiz.de/10014194824
Persistent link: https://www.econbiz.de/10014195995
John Bronsteen, Christopher Buccafusco, and Jonathan Masur argue in Hedonic Adaptation and the Settlement of Civil Lawsuits, 108 Columbia Law Review 1516 (2008) that prolonged litigation allows tort victims to adapt emotionally to even permanent injuries, and hence those lawsuits are more likely...
Persistent link: https://www.econbiz.de/10014211286