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Blackmail And Transactional Structure - 1992, Wendy J. Gordon
Blackmail And Transactional Structure - 1992, Wendy J. Gordon
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The Coase Theorem operates in a world where mistaken allocations can be cured by trade. But blackmail involves two areas where mistaken allocations are likely to be permanent: free speech and reputation.
Preliminary Notes On Blackmail Piece For University Of Pennsylvania - 1992, Wendy J. Gordon
Preliminary Notes On Blackmail Piece For University Of Pennsylvania - 1992, Wendy J. Gordon
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There are several potential insights whose interrelationship I'd like to explore. First, some allocation of rights are not likely to be transferable. Two of the major interests involved in blackmail--namely, reputation and free speech--are of this type. This may in itself help to explain some of the paradox of blackmail.