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Keyword: welfare.;

2 results found.

DARP Paper

To Be or not To Be Involved: A Questionnaire-Experimental View on Harsanyi’s Utilitarian Ethics

Yoram Amiel, Frank A Cowell and Wulf Gaertner

According to standard theory founded on Harsanyi (1953, 1955) a social welfare function can be appropriately based on the individual’s approach to choice under uncertainty. We investigate whether people really do rank di...Read more...

June 2006

Theoretical Economics Paper

Should Courts Always Enforce What Contracting Parties Write? This paper is replaced by TE/2006/510

Luca Anderlini, Leonardo Felli and Andrew Postlewaite

We find an economic rationale for the common-sense answer to the question in our title ¿ courts should not always enforce what the contracting parties write. We describe and analyse a contractual environment that allows ...Read more...

November 2003