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This paper shows that implicit assumptions about the numeraire good in the Kaldor–Hicks efficiency–equity analysis …
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This chapter, forthcoming in the Research Handbook on Law and Time (F. Fagan & S. Levmore eds., Edward Elgar 2024), offers a contribution to the economics of legal transition. It argues that the lawmaker should mitigate the burden generated by the risk of legal change by avoiding "extreme"...
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