Eco-labels, certifications, and seals of approval serve a variety of functions, including communicating to businesses and consumers the environmental attributes of a particular product or the dangers that product may pose. Eco-labels have the potential to improve environmental outcomes in a...

Economists have traditionally treated preferences as exogenously given. Preferences are assumed to be influenced by neither beliefs nor the constraints people face. As a consequence, changes in behaviour are explained exclusively in terms of changes in the set of feasible alternatives. Here we...

Economists have traditionally treated preferences as exogenously given. Preferences are assumed to be influenced by neither beliefs nor the constraints people face. As a consequence, changes in behaviour are explained exclusively in terms of changes in the set of feasible alternatives. Here we...

It is over 30 years since the seminal decision of the House of Lords in Tesco Supermarkets Ltd v. Nattrass articulated the identification doctrine as the basis for corporate criminal liability in many common law countries. During that time, Tesco has been consistently criticised as ill-suited to...

The Constitution of Tonga, 132 years old in 2007 -- indeed one of the world's oldest extant constitutions -- has recently, for the first time in history, been subjected to significant scrutiny by the people who live under it. The review process has also canvassed the views of the thousands of...

In this essay, we demonstrate that most ethics violations (at least the ones that irritate bankruptcy judges) are also violations of simple rules of behavior that people should have learned in kindergarten

Whether, and if so, how exactly gender differences are manifested in moral judgment has recently been at the center of much research on moral decision making. Previous research suggests that women are more deontological than men in personal, but not impersonal, moral dilemmas. However, typical...

The Fair Market Value Standard (FMVS), an applicable standard of value in several areas of law for appraising non-marketable assets, defines, through its given assumptions, a competitive Hypothetical Marketplace within which FMV determination is confined. Contra conventional assumption that...

The Consumer Welfare Hypothesis in Law and Economics claims that 1) in a partial equilibrium setting, a definition of allocative efficiency with remarkable pedigree uses a consumer welfare maximization standard; 2) this notion of allocative efficiency clearly fits better with EU antitrust and...