Opportunity, not welfare : how behavioral insights should lead to a reorientation of the normative foundation in law and economics
In Fairness versus Welfare (2003), Louis Kaplow and Steven Shavell provide a manifesto for normative law and economics. Therein, they spell out the foundations for contemporary law and economics based on a Paretian consequentialist welfarism and a preferentialist account of welfare. We argue in this...
Ausführliche Beschreibung
Autor*in: |
Emmerick, Elias van [verfasserIn] Dold, Malte - 1985- [verfasserIn] |
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Format: |
E-Artikel |
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Sprache: |
Englisch |
Erschienen: |
2022 |
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Rechteinformationen: |
Open Access Namensnennung 4.0 International ; CC BY 4.0 |
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Schlagwörter: |
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Übergeordnetes Werk: |
Enthalten in: Journal of contextual economics - Berlin : Duncker & Humblot, 2017, 142(2022), 1, Seite 21-40 |
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Übergeordnetes Werk: |
volume:142 ; year:2022 ; number:1 ; pages:21-40 |
Links: |
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DOI / URN: |
10.3790/schm.142.1.21 |
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Katalog-ID: |
1886779929 |
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10.3790/schm.142.1.21 doi 10419/292607 hdl (DE-627)1886779929 (DE-599)KXP1886779929 DE-627 ger DE-627 rda eng K40 D63 D91 jelc Emmerick, Elias van verfasserin (DE-588)1334491216 (DE-627)1892771780 aut Opportunity, not welfare how behavioral insights should lead to a reorientation of the normative foundation in law and economics Elias van Emmerick and Malte Dold 2022 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier DE-206 Open Access Controlled Vocabulary for Access Rights http://purl.org/coar/access_right/c_abf2 In Fairness versus Welfare (2003), Louis Kaplow and Steven Shavell provide a manifesto for normative law and economics. Therein, they spell out the foundations for contemporary law and economics based on a Paretian consequentialist welfarism and a preferentialist account of welfare. We argue in this paper that this normative program faces serious challenges from recent behavioral insights that push back against a core assumption of a preferentialist welfare analysis, i. e., that people hold context-independ- ent, stable preferences across different legal arrangements. We suggest an alternative normative focus for law and economics that borrows from Robert Sugden's (2018) opportunity criterion, which holds that individuals have an intrinsic interest in expanding their choice sets. We make the case that oppor- tunity, rather than welfare as preference satisfaction, is a more convincing normative standard for law and economics, as its contractarian justification takes people's broadly construed interests seriously. Moreover, it is methodologically better suited to deal with people's unstable, context-dependent pref- erences. DE-206 Namensnennung 4.0 International CC BY 4.0 cc https://creativecommons.org/licenses/by/4.0/ Behavioral Economics (dpeaa)DE-206 Normative Law and Economics (dpeaa)DE-206 Opportunity Criterion (dpeaa)DE-206 Preferences (dpeaa)DE-206 Robert Sugden (dpeaa)DE-206 Welfare (dpeaa)DE-206 Dold, Malte 1985- verfasserin (DE-588)1152293028 (DE-627)101378331X (DE-576)499802160 aut Enthalten in Journal of contextual economics Berlin : Duncker & Humblot, 2017 142(2022), 1, Seite 21-40 Online-Ressource (DE-627)1010873644 (DE-600)2916696-2 (DE-576)497176475 2568-762X nnns volume:142 year:2022 number:1 pages:21-40 https://elibrary.duncker-humblot.com/article/72628/download Verlag kostenfrei https://doi.org/10.3790/schm.142.1.21 Resolving-System kostenfrei https://hdl.handle.net/10419/292607 Resolving-System kostenfrei GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_90 GBV_ILN_95 GBV_ILN_105 GBV_ILN_110 GBV_ILN_120 GBV_ILN_121 GBV_ILN_138 GBV_ILN_151 GBV_ILN_152 GBV_ILN_161 GBV_ILN_187 GBV_ILN_206 GBV_ILN_213 GBV_ILN_230 GBV_ILN_250 GBV_ILN_266 GBV_ILN_267 GBV_ILN_281 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_702 GBV_ILN_753 GBV_ILN_2003 GBV_ILN_2005 GBV_ILN_2006 GBV_ILN_2007 GBV_ILN_2008 GBV_ILN_2009 GBV_ILN_2010 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2018 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2034 GBV_ILN_2035 GBV_ILN_2037 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2055 GBV_ILN_2057 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2065 GBV_ILN_2068 GBV_ILN_2086 GBV_ILN_2106 GBV_ILN_2108 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2113 GBV_ILN_2116 GBV_ILN_2118 GBV_ILN_2119 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2147 GBV_ILN_2148 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2188 GBV_ILN_2190 GBV_ILN_2232 GBV_ILN_2773 GBV_ILN_2774 GBV_ILN_4012 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4242 GBV_ILN_4246 GBV_ILN_4249 GBV_ILN_4251 GBV_ILN_4302 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4328 GBV_ILN_4333 GBV_ILN_4335 GBV_ILN_4336 GBV_ILN_4338 GBV_ILN_4346 GBV_ILN_4367 GBV_ILN_4700 GBV_ILN_4753 GBV_ILN_2403 GBV_ILN_2403 ISIL_DE-LFER AR 142 2022 1 21-40 26 01 0206 4515520067 x1z 24-04-24 2403 01 DE-LFER 4521564569 00 --%%-- --%%-- n --%%-- l01 08-05-24 2403 01 DE-LFER https://doi.org/10.3790/schm.142.1.21 2403 01 DE-LFER https://elibrary.duncker-humblot.com/article/72628/download |
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10.3790/schm.142.1.21 doi 10419/292607 hdl (DE-627)1886779929 (DE-599)KXP1886779929 DE-627 ger DE-627 rda eng K40 D63 D91 jelc Emmerick, Elias van verfasserin (DE-588)1334491216 (DE-627)1892771780 aut Opportunity, not welfare how behavioral insights should lead to a reorientation of the normative foundation in law and economics Elias van Emmerick and Malte Dold 2022 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier DE-206 Open Access Controlled Vocabulary for Access Rights http://purl.org/coar/access_right/c_abf2 In Fairness versus Welfare (2003), Louis Kaplow and Steven Shavell provide a manifesto for normative law and economics. Therein, they spell out the foundations for contemporary law and economics based on a Paretian consequentialist welfarism and a preferentialist account of welfare. We argue in this paper that this normative program faces serious challenges from recent behavioral insights that push back against a core assumption of a preferentialist welfare analysis, i. e., that people hold context-independ- ent, stable preferences across different legal arrangements. We suggest an alternative normative focus for law and economics that borrows from Robert Sugden's (2018) opportunity criterion, which holds that individuals have an intrinsic interest in expanding their choice sets. We make the case that oppor- tunity, rather than welfare as preference satisfaction, is a more convincing normative standard for law and economics, as its contractarian justification takes people's broadly construed interests seriously. Moreover, it is methodologically better suited to deal with people's unstable, context-dependent pref- erences. DE-206 Namensnennung 4.0 International CC BY 4.0 cc https://creativecommons.org/licenses/by/4.0/ Behavioral Economics (dpeaa)DE-206 Normative Law and Economics (dpeaa)DE-206 Opportunity Criterion (dpeaa)DE-206 Preferences (dpeaa)DE-206 Robert Sugden (dpeaa)DE-206 Welfare (dpeaa)DE-206 Dold, Malte 1985- verfasserin (DE-588)1152293028 (DE-627)101378331X (DE-576)499802160 aut Enthalten in Journal of contextual economics Berlin : Duncker & Humblot, 2017 142(2022), 1, Seite 21-40 Online-Ressource (DE-627)1010873644 (DE-600)2916696-2 (DE-576)497176475 2568-762X nnns volume:142 year:2022 number:1 pages:21-40 https://elibrary.duncker-humblot.com/article/72628/download Verlag kostenfrei https://doi.org/10.3790/schm.142.1.21 Resolving-System kostenfrei https://hdl.handle.net/10419/292607 Resolving-System kostenfrei GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_90 GBV_ILN_95 GBV_ILN_105 GBV_ILN_110 GBV_ILN_120 GBV_ILN_121 GBV_ILN_138 GBV_ILN_151 GBV_ILN_152 GBV_ILN_161 GBV_ILN_187 GBV_ILN_206 GBV_ILN_213 GBV_ILN_230 GBV_ILN_250 GBV_ILN_266 GBV_ILN_267 GBV_ILN_281 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_702 GBV_ILN_753 GBV_ILN_2003 GBV_ILN_2005 GBV_ILN_2006 GBV_ILN_2007 GBV_ILN_2008 GBV_ILN_2009 GBV_ILN_2010 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2018 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2034 GBV_ILN_2035 GBV_ILN_2037 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2055 GBV_ILN_2057 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2065 GBV_ILN_2068 GBV_ILN_2086 GBV_ILN_2106 GBV_ILN_2108 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2113 GBV_ILN_2116 GBV_ILN_2118 GBV_ILN_2119 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2147 GBV_ILN_2148 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2188 GBV_ILN_2190 GBV_ILN_2232 GBV_ILN_2773 GBV_ILN_2774 GBV_ILN_4012 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4242 GBV_ILN_4246 GBV_ILN_4249 GBV_ILN_4251 GBV_ILN_4302 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4328 GBV_ILN_4333 GBV_ILN_4335 GBV_ILN_4336 GBV_ILN_4338 GBV_ILN_4346 GBV_ILN_4367 GBV_ILN_4700 GBV_ILN_4753 GBV_ILN_2403 GBV_ILN_2403 ISIL_DE-LFER AR 142 2022 1 21-40 26 01 0206 4515520067 x1z 24-04-24 2403 01 DE-LFER 4521564569 00 --%%-- --%%-- n --%%-- l01 08-05-24 2403 01 DE-LFER https://doi.org/10.3790/schm.142.1.21 2403 01 DE-LFER https://elibrary.duncker-humblot.com/article/72628/download |
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<?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>01000caa a2200265 4500</leader><controlfield tag="001">1886779929</controlfield><controlfield tag="003">DE-627</controlfield><controlfield tag="005">20240701101944.0</controlfield><controlfield tag="007">cr uuu---uuuuu</controlfield><controlfield tag="008">240424s2022 xx |||||o 00| ||eng c</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.3790/schm.142.1.21</subfield><subfield code="2">doi</subfield></datafield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10419/292607</subfield><subfield code="2">hdl</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-627)1886779929</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)KXP1886779929</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-627</subfield><subfield code="b">ger</subfield><subfield code="c">DE-627</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1=" " ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">K40</subfield><subfield code="a">D63</subfield><subfield code="a">D91</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Emmerick, Elias van</subfield><subfield code="e">verfasserin</subfield><subfield code="0">(DE-588)1334491216</subfield><subfield code="0">(DE-627)1892771780</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Opportunity, not welfare</subfield><subfield code="b">how behavioral insights should lead to a reorientation of the normative foundation in law and economics</subfield><subfield code="c">Elias van Emmerick and Malte Dold</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="c">2022</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">Text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">Computermedien</subfield><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">Online-Ressource</subfield><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="506" ind1="0" ind2=" "><subfield code="q">DE-206</subfield><subfield code="a">Open Access</subfield><subfield code="e">Controlled Vocabulary for Access Rights</subfield><subfield code="u">http://purl.org/coar/access_right/c_abf2</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">In Fairness versus Welfare (2003), Louis Kaplow and Steven Shavell provide a manifesto for normative law and economics. Therein, they spell out the foundations for contemporary law and economics based on a Paretian consequentialist welfarism and a preferentialist account of welfare. We argue in this paper that this normative program faces serious challenges from recent behavioral insights that push back against a core assumption of a preferentialist welfare analysis, i. e., that people hold context-independ- ent, stable preferences across different legal arrangements. We suggest an alternative normative focus for law and economics that borrows from Robert Sugden's (2018) opportunity criterion, which holds that individuals have an intrinsic interest in expanding their choice sets. We make the case that oppor- tunity, rather than welfare as preference satisfaction, is a more convincing normative standard for law and economics, as its contractarian justification takes people's broadly construed interests seriously. 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Opportunity, not welfare how behavioral insights should lead to a reorientation of the normative foundation in law and economics Elias van Emmerick and Malte Dold |
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how behavioral insights should lead to a reorientation of the normative foundation in law and economics |
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opportunity, not welfarehow behavioral insights should lead to a reorientation of the normative foundation in law and economics |
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Opportunity, not welfare how behavioral insights should lead to a reorientation of the normative foundation in law and economics |
abstract |
In Fairness versus Welfare (2003), Louis Kaplow and Steven Shavell provide a manifesto for normative law and economics. Therein, they spell out the foundations for contemporary law and economics based on a Paretian consequentialist welfarism and a preferentialist account of welfare. We argue in this paper that this normative program faces serious challenges from recent behavioral insights that push back against a core assumption of a preferentialist welfare analysis, i. e., that people hold context-independ- ent, stable preferences across different legal arrangements. We suggest an alternative normative focus for law and economics that borrows from Robert Sugden's (2018) opportunity criterion, which holds that individuals have an intrinsic interest in expanding their choice sets. We make the case that oppor- tunity, rather than welfare as preference satisfaction, is a more convincing normative standard for law and economics, as its contractarian justification takes people's broadly construed interests seriously. Moreover, it is methodologically better suited to deal with people's unstable, context-dependent pref- erences. |
abstractGer |
In Fairness versus Welfare (2003), Louis Kaplow and Steven Shavell provide a manifesto for normative law and economics. Therein, they spell out the foundations for contemporary law and economics based on a Paretian consequentialist welfarism and a preferentialist account of welfare. We argue in this paper that this normative program faces serious challenges from recent behavioral insights that push back against a core assumption of a preferentialist welfare analysis, i. e., that people hold context-independ- ent, stable preferences across different legal arrangements. We suggest an alternative normative focus for law and economics that borrows from Robert Sugden's (2018) opportunity criterion, which holds that individuals have an intrinsic interest in expanding their choice sets. We make the case that oppor- tunity, rather than welfare as preference satisfaction, is a more convincing normative standard for law and economics, as its contractarian justification takes people's broadly construed interests seriously. Moreover, it is methodologically better suited to deal with people's unstable, context-dependent pref- erences. |
abstract_unstemmed |
In Fairness versus Welfare (2003), Louis Kaplow and Steven Shavell provide a manifesto for normative law and economics. Therein, they spell out the foundations for contemporary law and economics based on a Paretian consequentialist welfarism and a preferentialist account of welfare. We argue in this paper that this normative program faces serious challenges from recent behavioral insights that push back against a core assumption of a preferentialist welfare analysis, i. e., that people hold context-independ- ent, stable preferences across different legal arrangements. We suggest an alternative normative focus for law and economics that borrows from Robert Sugden's (2018) opportunity criterion, which holds that individuals have an intrinsic interest in expanding their choice sets. We make the case that oppor- tunity, rather than welfare as preference satisfaction, is a more convincing normative standard for law and economics, as its contractarian justification takes people's broadly construed interests seriously. Moreover, it is methodologically better suited to deal with people's unstable, context-dependent pref- erences. |
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Opportunity, not welfare |
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score |
7.168825 |