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 Getting Together

Ken Binmore

in Playing for Real: Game Theory

Published in print:
2007
Published Online:
May 2007
ISBN:
9780195300574
eISBN:
9780199783748
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195300574.003.0016
Subject:
Economics and Finance, Microeconomics

This chapter introduces cooperative game theory by examining the axiomatic theory of two-person bargaining problems. The link between cooperative and noncooperative game theory is first explained in ... More


Efficiency, auction and exchange

Jules L. Coleman

in Markets, Morals, and the Law

Published in print:
2002
Published Online:
January 2010
ISBN:
9780199253609
eISBN:
9780191719783
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199253609.003.0003
Subject:
Law, Competition Law

This chapter distinguishes between Pareto optimality, Pareto superiority, and Kaldor-Hicks efficiency, and provides an extended discussion of the Coase theorem. One of the central claims in this ... More


Neoclassical Economics from Triumph to Crisis

Ernesto Screpanti and Stefano Zamagni

in An Outline of the History of Economic Thought

Published in print:
2005
Published Online:
October 2005
ISBN:
9780199279142
eISBN:
9780191602887
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199279144.003.0011
Subject:
Economics and Finance, History of Economic Thought

Considers the neo-Walrasian approach to general economic equilibrium. The conquest of the existence theorem is compared with the defeat on the grounds of uniqueness and stability. Examines the ... More


The Coase Theorem as Treated in Jewish Law

Aaron Levine

in Economic Morality and Jewish Law

Published in print:
2012
Published Online:
April 2015
ISBN:
9780199826865
eISBN:
9780190261368
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:osobl/9780199826865.003.0003
Subject:
Economics and Finance, History of Economic Thought

This chapter describes the distinctions between the Jewish law's treatment and Ronald Coase's approach in dealing with negative externalities. It emphasizes the argument of economic value should be ... More


Income Distribution, Poverty, and Environmental Problems

Yujiro Hayami and Yoshihisa Godo

in Development Economics: From the Poverty to the Wealth of Nations

Published in print:
2005
Published Online:
October 2005
ISBN:
9780199272709
eISBN:
9780191602870
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199272700.003.0008
Subject:
Economics and Finance, Development, Growth, and Environmental

Growing inequality and environmental degradation are two serious problems that developing economies will have to face in their economic growth processes geared for reducing absolute poverty. These ... More


Contemporary Economic Theory: II

Ernesto Screpanti and Stefano Zamagni

in An Outline of the History of Economic Thought

Published in print:
1995
Published Online:
November 2003
ISBN:
9780198774556
eISBN:
9780191717383
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198774559.003.0011
Subject:
Economics and Finance, History of Economic Thought

Considers the neo‐Walrasian approach to general economic equilibrium. The conquest of the existence theorem is compared with the defeat on the grounds of uniqueness and stability. Examines the ... More


Social Perfectionism

F. H. Buckley

in Fair Governance: Paternalism and Perfectionism

Published in print:
2009
Published Online:
May 2009
ISBN:
9780195341263
eISBN:
9780199866892
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195341263.003.0009
Subject:
Law, Philosophy of Law

A subject's actions may have the third party spillover effects which economists call externalities. What you do affects others, for good or for ill, and this may supply a reason to restrict your ... More


Matching under Transferable Utility: Some Extensions

Pierre-André Chiappori

in Matching with Transfers: The Economics of Love and Marriage

Published in print:
2017
Published Online:
May 2018
ISBN:
9780691171739
eISBN:
9781400885732
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691171739.003.0005
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter considers some extensions of matching models under transferable utility (TU). It begins with a discussion of preinvestment, in which agents deliberately invest in education, and the ... More


The Polluter-pays Principle

NICOLAS DE SADELEER

in Environmental Principles: From Political Slogans to Legal Rules

Published in print:
2002
Published Online:
January 2010
ISBN:
9780199254743
eISBN:
9780191719851
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199254743.003.01
Subject:
Law, Environmental and Energy Law

This chapter begins by defining the polluter-pays principle as an economic rule of cost allocation whose source lies precisely in the theory of externalities, requiring the polluter to take ... More


The Chicago School’s Theory of the Corporation

Abraham A. Singer

in The Form of the Firm: A Normative Political Theory of the Corporation

Published in print:
2018
Published Online:
November 2018
ISBN:
9780190698348
eISBN:
9780190909499
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780190698348.003.0006
Subject:
Political Science, Political Theory

This chapter analyses the Chicago school theory of the corporation, which reduces the corporation to a set of purely market processes, a nexus of contracts. The chapter begins by offering a ... More


Exchange and Efficiency

Richard Adelstein

in The Exchange Order: Property and Liability as an Economic System

Published in print:
2017
Published Online:
September 2017
ISBN:
9780190694272
eISBN:
9780190694302
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780190694272.003.0003
Subject:
Economics and Finance, Economic Systems

This chapter articulates the Coase Theorem, which describes how voluntary exchange works when it works perfectly, and considers its implications for both efficient and equitable allocation when ... More


The Political Economy of International Cooperation

Lisa L. Martin

in Global Public Goods: International Cooperation in the 21st Century

Published in print:
1999
Published Online:
November 2003
ISBN:
9780195130522
eISBN:
9780199867363
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0195130529.003.0003
Subject:
Economics and Finance, Public and Welfare

Over the past 15 years, the field of international relations has produced a great deal of work on international cooperation and international institutions. This work has immediate relevance for ... More


Why Do Economists Like a Carbon Tax?

Gilbert E. Metcalf

in Paying for Pollution: Why a Carbon Tax is Good for America

Published in print:
2019
Published Online:
January 2019
ISBN:
9780190694197
eISBN:
9780190694227
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780190694197.003.0004
Subject:
Economics and Finance, Development, Growth, and Environmental

In non-technical language, the chapter explains why economists favor putting a price on pollution as the least expensive way to cut pollution to its socially optimal level. Using a pollution example ... More


Income Distribution and Environmental Problems

Yujiro Hayami

in Development Economics: From the Poverty to the Wealth of Nations

Published in print:
2001
Published Online:
November 2003
ISBN:
9780199243976
eISBN:
9780191596377
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199243972.003.0008
Subject:
Economics and Finance, Development, Growth, and Environmental

Growing inequality and environmental degradation are two serious problems that developing economies will have to face in their economic growth processes. These two problems are closely interrelated. ... More


Government and Markets

Sidney A. Shapiro and Joseph P. Tomain

in Achieving Democracy: The Future of Progressive Regulation

Published in print:
2014
Published Online:
April 2014
ISBN:
9780199965540
eISBN:
9780199360833
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199965540.003.0004
Subject:
Law, Constitutional and Administrative Law

Chapter 4 begins Part II of the book by arguing that neoliberalism is too narrow a view of the economy. Further, neoliberal economics has damaged, rather than fostered, strong competitive markets. ... More


Legally Induced Reference Points

Eyal Zamir

in Law, Psychology, and Morality: The Role of Loss Aversion

Published in print:
2014
Published Online:
November 2014
ISBN:
9780199972050
eISBN:
9780190215064
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199972050.003.0005
Subject:
Law, Philosophy of Law

Chapter 5 analyzes the contribution of loss aversion to our understanding of how legal norms affect human perceptions and behavior—that is, how loss aversion is sometimes the output of legal norms. ... More


The Polluter-Pays Principle

Nicolas de Sadeleer

in Environmental Principles: From Political Slogans to Legal Rules

Published in print:
2020
Published Online:
January 2021
ISBN:
9780198844358
eISBN:
9780191879890
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198844358.003.0003
Subject:
Law, Environmental and Energy Law, Public International Law

This chapter begins by defining the polluter-pays principle as an economic rule of cost allocation whose source lies precisely in the theory of externalities, requiring the polluter to take ... More


Humanity’s Crooked Timber

Jim Leitzel

in Concepts in Law and Economics: A Guide for the Curious

Published in print:
2015
Published Online:
September 2015
ISBN:
9780190213978
eISBN:
9780190214005
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780190213978.003.0006
Subject:
Economics and Finance, Public and Welfare

People cannot be counted upon to make all of their decisions in a fully rational manner—and sometimes the law should take the possibility of such lapses into account. For instance, contracts that ... More


The Social Cost of Carbon

Joseph Heath

in Philosophical Foundations of Climate Change Policy

Published in print:
2021
Published Online:
September 2021
ISBN:
9780197567982
eISBN:
9780197568019
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780197567982.003.0006
Subject:
Philosophy, Moral Philosophy

The past few decades have seen an expansion in the use of cost-benefit analysis as a tool for policy evaluation in the public sector. This slow, steady creep has been a source of consternation to ... More


General

Andrew Burrows

in Remedies for Torts, Breach of Contract, and Equitable Wrongs

Published in print:
2019
Published Online:
March 2021
ISBN:
9780198705932
eISBN:
9780191927294
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198705932.003.0002
Subject:
Law, Law of Obligations

The concept of a remedy has rarely been subjected to rigorous analysis. Views may differ as to precisely what one is talking about. In this book, a remedy is used to denote the relief that a person ... More


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