In recent years there has been a debate over whether or not moral sentiments should be included in normative economic analysis. This paper compares the standard normative criteria for benefit cost analysis, Kaldor-Hicks, that does not include moral sentiments with a modification that does called...

All general rules for behavior or valuation and for law itself break down under some circumstances. The law struggles with this sort of issue in the law of necessity, in assigning rights, in valuation, in considering burdens of proof with incomplete information, and in developing common law....

In recent years there has been a debate over whether or not moral sentiments should be included in normative economic analysis. This paper compares the standard normative criteria for benefit cost analysis, Kaldor-Hicks, that does not include moral sentiments with a modification that does called...