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Standard theory assumes that voters’ preferences over actions (voting) are induced by their preferences over electoral outcomes (policies, candidates). But voters may also have non-consequentialist (NC) motivations: they may care about how they vote even if it does not affect the outcome. When...
Persistent link: https://www.econbiz.de/10010597459
Persistent link: https://www.econbiz.de/10009817037
Standard theory assumes that voters' preferences over actions (voting) are induced by their preferences over electoral outcomes (policies, candidates). But voters may also have non-consequentialist (NC) motivations: they may care about how they vote even if it does not affect the outcome. When...
Persistent link: https://www.econbiz.de/10014196011
Democracy is often perceived or justified as a means to realizing voters' preferences. Two major difficulties have received much attention: how to aggregate votes and how to align the interests of representatives with the preferences of voters. This paper identifies a third difficulty which...
Persistent link: https://www.econbiz.de/10013037534
Persistent link: https://www.econbiz.de/10003979876
Persistent link: https://www.econbiz.de/10009505563
This paper provides an economic justification for the exemption from liability for omissions and for the exceptions to this exemption. It interprets the differential treatment of acts and omissions in tort law as a proxy for a more fundamental distinction between harms caused by multiple...
Persistent link: https://www.econbiz.de/10005585381
This paper investigates the effectiveness of shaming penalties. It establishes that there may be an inverse relation between the rate of shaming penalties and their deterrent effects - the more people are shamed the less deterring shaming penalties become. This conclusion is based on a search...
Persistent link: https://www.econbiz.de/10005585396
Contrary to the conventional assumption that individuals maximize payoffs, robust experimental studies show that individuals who face repeated choices involving probabilistic costs and benefits often make sub-optimal decisions by applying the strategy of “probability matching.” The following...
Persistent link: https://www.econbiz.de/10005596259
Predictability in civil and criminal sanctions is generally understood as desirable. Conversely, unpredictability is condemned as a violation of the rule of law. This paper explores predictability in sanctioning from the point of view of efficiency. It is argued that, given a constant expected...
Persistent link: https://www.econbiz.de/10005596286