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Fairness

James Griffin

in Well-Being: Its Meaning, Measurement and Moral Importance

Published in print:
1988
Published Online:
November 2003
ISBN:
9780198248439
eISBN:
9780191597558
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198248431.003.0011
Subject:
Philosophy, Moral Philosophy

Looks at problems of fairness arising from cooperation problems (the prisoner's dilemma, free‐riding, etc.). It proposes a ‘minimal solution’ to free‐rider problems, by considering the least that has ... More


 Getting Locked In

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/9780195300574.003.0001
Subject:
Economics and Finance, Microeconomics

This chapter uses the Prisoner's Dilemma as the linking idea in an overview of many of the topics covered later in the book. The basic ideas are that of a dominated strategy and a Pareto-efficient ... More


The Demand for Sovereignty and the Emergence of Nationalism

Michael Hechter

in Containing Nationalism

Published in print:
2001
Published Online:
November 2003
ISBN:
9780199247516
eISBN:
9780191599460
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/019924751X.003.0007
Subject:
Political Science, Political Theory

The members of any nation would prefer to be sovereign rather than to be ruled by non‐nationals because this maximizes the chance that the government will provide them with an optimal mix of public ... More


Some Concluding Remarks

Kaushik Basu

in Prelude to Political Economy: A Study of the Social and Political Foundations of Economics

Published in print:
2000
Published Online:
November 2003
ISBN:
9780198296713
eISBN:
9780191595943
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198296711.003.0011
Subject:
Economics and Finance, Microeconomics

This chapter begins with an analyses on the pdomain problem based on the discussions throughout the book. This problem has important implications for mechanism design and the understanding of the ... More


Who Sings in the Heavenly Chorus? The Shape of the Organized Interest System

Kay Lehman Schlozman, Sidney Verba, and Henry E. Brady

in The Unheavenly Chorus: Unequal Political Voice and the Broken Promise of American Democracy

Published in print:
2012
Published Online:
October 2017
ISBN:
9780691154848
eISBN:
9781400841912
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691154848.003.0011
Subject:
Political Science, Democratization

This chapter uses systematic data collected for the Washington Representatives Study to inquire into the kinds of interests that are represented by organizations in national politics and the extent ... More


The World Trading System and Implications of External Opening 1

Jeffrey A. Frankel

in The Washington Consensus Reconsidered: Towards a New Global Governance

Published in print:
2008
Published Online:
May 2008
ISBN:
9780199534081
eISBN:
9780191714658
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199534081.003.0010
Subject:
Economics and Finance, Development, Growth, and Environmental

Countries can still reap substantial economic benefits from external opening — an estimated 0.3% increase in income over twenty years for each 0.01 increase in the ratio of trade to GDP. Non-economic ... More


The Free-Provider Problem: Private Provision of Public Responsibilities

Eric Beerbohm

in Philanthropy in Democratic Societies: History, Institutions, Values

Published in print:
2016
Published Online:
May 2017
ISBN:
9780226335506
eISBN:
9780226335780
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226335780.003.0009
Subject:
Sociology, Economic Sociology

Free riders fail to do their share. Philanthropists turn the free riding problem on its head. They do more than their share, so much so that they can displace public responsibilities. In this ... More


Capital Structure Decisions of a Public Company

Oliver Hart

in Firms, Contracts, and Financial Structure

Published in print:
1995
Published Online:
November 2003
ISBN:
9780198288817
eISBN:
9780191596353
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198288816.003.0007
Subject:
Economics and Finance, Financial Economics

In a public company, ownership is dispersed among numerous small shareholders. In this context, day‐to‐day control is delegated to managers, and individual shareholders have little or no incentives ... More


Free-Riders and Freedom Riders

Francesca Polletta

in Inventing the Ties That Bind: Imagined Relationships in Moral and Political Life

Published in print:
2020
Published Online:
May 2021
ISBN:
9780226734170
eISBN:
9780226734347
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226734347.003.0002
Subject:
Sociology, Social Psychology and Interaction

Social movement scholars have argued that solidary ties help to overcome the famous free-rider dilemma, the fact that it is irrational to participate even when one has stakes in the movement’s ... More


Bypassing the board: Offensive Tactics in Hostile Takeovers

Graeme Guthrie

in The Firm Divided: Manager-Shareholder Conflict and the Fight for Control of the Modern Corporation

Published in print:
2017
Published Online:
May 2017
ISBN:
9780190641184
eISBN:
9780190641214
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780190641184.003.0012
Subject:
Economics and Finance, Financial Economics

When a target’s board decides to fight an unsolicited takeover attempt, the raider must go over directors’ heads, directly to shareholders. It must overcome a free-rider problem that would otherwise ... More


Shared Capitalism at Work: Employee Ownership, Profit and Gain Sharing, and Broad-Based Stock Options

Douglas L. Kruse, Richard B. Freeman, and Joseph R. Blasi (eds)

Published in print:
2010
Published Online:
February 2013
ISBN:
9780226056951
eISBN:
9780226056968
Item type:
book
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226056968.001.0001
Subject:
Economics and Finance, Economic History

The historical relationship between capital and labor has evolved in the past few decades. One particularly noteworthy development is the rise of shared capitalism, a system in which workers have ... More


We Agree: The Failure of Climate Ethics

Stephen M. Gardiner and David A. Weisbach

in Debating Climate Ethics

Published in print:
2016
Published Online:
June 2016
ISBN:
9780199996476
eISBN:
9780190614775
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199996476.003.0010
Subject:
Philosophy, Moral Philosophy

My portions of the book argued that theories of ethics that had been put forward with respect to climate change policy suffered from internal logical problems and would lead us outside of feasible ... More


A Larger Role for Institutional Investors

J. P. Charkham

in Capital Markets and Corporate Governance

Published in print:
1994
Published Online:
January 2015
ISBN:
9780198287889
eISBN:
9780191828867
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198287889.003.0006
Subject:
Economics and Finance, Financial Economics

This chapter argues that the role of institutional investors is crucial in matters of corporate accountability. After all, these investors, more than anyone, guard the savings of the people. Thus, ... More


Cooperation and Altruism

David Sloan Wilson

in Evolutionary Ecology: Concepts and Case Studies

Published in print:
2001
Published Online:
November 2020
ISBN:
9780195131543
eISBN:
9780197561461
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780195131543.003.0023
Subject:
Environmental Science, Applied Ecology

People have always been fascinated by cooperation and altruism in animals, in part to shed light on our own propensity or reluctance to help others. Darwin’s theory added a certain urgency to the ... More


External Limits of Capitalism

Paul De Grauwe

in The Limits of the Market: The Pendulum Between Government and Market

Published in print:
2017
Published Online:
January 2017
ISBN:
9780198784289
eISBN:
9780191826856
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198784289.003.0003
Subject:
Economics and Finance, Macro- and Monetary Economics

The theme of this chapter is the discrepancy between individual and collective rationality which occurs when individuals do not take into account external effects of their individual decisions. In a ... More


Why Cooperate?: Motives and Decisions of Initiators and Joiners in Self-Regarding Groups

in Breakdown in Pakistan: How Aid Is Eroding Institutions for Collective Action

Published in print:
2012
Published Online:
June 2013
ISBN:
9780804781329
eISBN:
9780804781848
Item type:
chapter
Publisher:
Stanford University Press
DOI:
10.11126/stanford/9780804781329.003.0004
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter complements the previous one through a detailed analysis of the decision-making processes and motives of initiators and joiners. This time, these concepts are studied within the context ... More


Crashing the party: Delegating Monitoring to Large Shareholders

Graeme Guthrie

in The Firm Divided: Manager-Shareholder Conflict and the Fight for Control of the Modern Corporation

Published in print:
2017
Published Online:
May 2017
ISBN:
9780190641184
eISBN:
9780190641214
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780190641184.003.0010
Subject:
Economics and Finance, Financial Economics

In principle, large shareholders have strong incentives to monitor a firm’s management. In practice, the regulatory restrictions on traditional institutional investors mean that they have relatively ... More


A gadfly in the ointment: The Consequences of Separating Ownership and Control

Graeme Guthrie

in The Firm Divided: Manager-Shareholder Conflict and the Fight for Control of the Modern Corporation

Published in print:
2017
Published Online:
May 2017
ISBN:
9780190641184
eISBN:
9780190641214
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780190641184.003.0001
Subject:
Economics and Finance, Financial Economics

Modern corporations are characterized by the separation of ownership and control, with individual investors spreading their wealth over a large number of separate firms. This allows specialist ... More


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