Description

Although the relationship between fairness and the economic concept of efficiency is usually cast as an adversarial one, this collection demonstrates the robust and diverse ways in which economics engages - and cannot avoid engaging - with fairness. This title contains papers presenting positive analyses of fairness preferences and beliefs, which are fundamental means through which fairness matters for economic models and then turns to normative analysis and the broad question of how law should reconcile fairness and efficiency considerations. It presents a sampling of legal and policy applications in which both fairness and efficiency considerations prove important.

Fairness in Law and Economics

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Hardback by Lee Anne Fennell , Richard H. McAdams

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Short Description:

Although the relationship between fairness and the economic concept of efficiency is usually cast as an adversarial one, this collection... Read more

    Publisher: Edward Elgar Publishing Ltd
    Publication Date: 27/12/2013
    ISBN13: 9781781005293, 978-1781005293
    ISBN10: 178100529X

    Number of Pages: 896

    Non Fiction , Law , Education

    Description

    Although the relationship between fairness and the economic concept of efficiency is usually cast as an adversarial one, this collection demonstrates the robust and diverse ways in which economics engages - and cannot avoid engaging - with fairness. This title contains papers presenting positive analyses of fairness preferences and beliefs, which are fundamental means through which fairness matters for economic models and then turns to normative analysis and the broad question of how law should reconcile fairness and efficiency considerations. It presents a sampling of legal and policy applications in which both fairness and efficiency considerations prove important.

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