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Full-Text Articles in Law
Justice And Fairness In The Dictator Game, Bart Wilson, Karl Schurter
Justice And Fairness In The Dictator Game, Bart Wilson, Karl Schurter
Bart J Wilson
No abstract provided.
An Experimental Inquiry Into The Social Construction Of Property, Vernon Smith, Bart Wilson, Erik Kimbrough
An Experimental Inquiry Into The Social Construction Of Property, Vernon Smith, Bart Wilson, Erik Kimbrough
Bart J Wilson
We design a laboratory experiment to explore whether and how property rights emerge in a specialization and exchange environment where theft is costless. Additional treatments examine various enforcement mechanisms to determine whether private actions can produce agreement to respect property. We find that although an absence of exogenous enforcement does not hamper property’s emergence in all cases, private enforcement instruments tend to worsen outcomes. Property emerges when subjects form groups, understand potential gains from trade, convince group members that all benefit by avoiding theft, and display credible commitment to cooperation in their actions. In other words, as Hume argued in …
Contra Private Fairness, Bart Wilson
Contra Private Fairness, Bart Wilson
Bart J Wilson
This paper attempts to clarify our understanding of the everyday use of fair as we apply it to economic behavior. I first examine the decomposition of fair into its semantic primitives and discuss implications of recent research which indicates that the word is untranslatable into any other language, i.e., the concept of fair is distinctly Anglo. I also make a Wittgensteinian appeal to context and human sociality as an indispensable tether for what we mean by a fair experience and what we epistemologically know about fairness. The principal implication of this is that rules that guide fair behavior are not …
Exchange And Specialisation As A Discovery Process, Bart Wilson, Sean Crockett, Vernon Smith
Exchange And Specialisation As A Discovery Process, Bart Wilson, Sean Crockett, Vernon Smith
Bart J Wilson
No abstract provided.