Political Economy of Fairness

摘要: Part 1 Basic economic concepts and ideas: introduction overview the concept of efficiency more externalities public goods on firms (private or organizations) risk incentives - principal-agent theory. 2 Fairness theory: a brief intellectual history economist's current ethical outlook normative theories I John Rawls II Robert Nozick, utilitarianism superfairness positive formal principle distributive justice institutional framing perceived in utility regulation strategic uses fairness. 3 Normative regulation: interest (normative) group (positive) incentive-compatible regulation. 4 Case studies applications: to part progressive taxation unfair pricing cross-subsidization predatory dumping whose ox is being gored? evaluating assets fairly example supreme court's struggle with mergers breakups attempts break out regulatory straitjacket, social medley power media, efficiency, individual rights.