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Fairness in Law and Economics (Economic Approaches to Law series, #40)

ISBN: 9781781005293
Publisher: Edward Elgar Pub
Publication Date: 2014-02-28
Number of pages: 896
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'A growing literature probes the relationship between fairness and economic analysis, including work by luminaries such as Arrow and Sen. Fairness in Law and Economics provides an invaluable collection of the key papers on fairness by economists and legal scholars. This volume would be a great starting point for anyone interested in the field.'
- Daniel A. Farber, University of California at Berkeley

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. Part I contains papers presenting positive analyses of fairness preferences and beliefs, which are fundamental means through which fairness matters for economic models. Part II turns to normative analysis and the broad question of how law should reconcile fairness and efficiency considerations. Part III presents a sampling of legal and policy applications in which both fairness and efficiency considerations prove important.

Along with an original introduction by the editors this is a must-have volume that will appeal to students, academics and practitioners who are interested in this exciting field.

37 articles, dating from 1967 to 2011
Contributors include: E. Anderson, J. Elster, E. Fehr, B. Frey, D. Kahneman, L. Kaplow, M. Rabin, A. Sen, S. Shavell, H.P. Young

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