A contractarian view on homann's ethical approach : the vision of "new ordoliberalism"

Clem Davies, Marcel Franke, Lida Kuang, Bernhard Neumärker

Homann's method is a sophisticated theoretical model. As a result, it contains a normative foundation upon which Homann bases his endeavor, as well as numerous conclusions following his positive analysis. We propose extensions to both the normative and positive aspects of Homann's theory in this article. On a normative basis, we recommend taking into account our approach of New Ordoliberalism. In addition to the prisoner's dilemma, we consider the moral dilemma of the hawk-dove game on a positive footing. Additionally, we also present an experimental design.

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Year of publication:	July 19, 2022
Authors:	Davies, Clem ; Franke, Marcel ; Kuang, Lida ; Neumärker, Bernhard
Publisher:	Freiburg : University of Freiburg, Institute for Economic Research, Götz Werner Chair of Economic Policy and Constitutional Economic Theory (GWP)
Subject:	constitutional economics \| game theory \| New Ordoliberalism \| social contract experiment \| strategy-proofness \| renegotiation-proofness \| Ordnungsökonomie \| Spieltheorie \| Neuer Ordoliberalismus \| Sozialvertragsexperiment \| Manipulationssicherheit \| Nachverhandlungsstabilität \| Verfassungsökonomik \| Constitutional economics \| Game theory \| Ordnungsökonomik \| Sozialvertrag \| Social contract