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Of Tastes and Values

Guido Calabresi.

in American Law and Economics Review

December 2014; p ublished online September 2014 .

Journal Article. Subjects: General Economics; History of Economic Thought (to 1925); History of Economic Thought (1925 onwards); Economic Methodology; Microeconomics; Production and Organizations; Welfare Economics; Analysis of Collective Decision-making; Taxation, Subsidies, and Revenue; Publicly Provided Goods; Economics of Health; Education and Research Institutions; Law and Economics; Tort Law; Nonprofit Organizations and Public Enterprise; Capitalist Systems; Economic Sociology. 8249 words.

This lecture was delivered by Judge Calabresi upon receiving the Ronald H. Coase Medal at the Annual Meeting of the American Law and Economic Association at Stanford Law School on May 18,...

Willingness to Pay, Death, Wealth, and Damages

Ariel Porat and Avraham Tabbach.

in American Law and Economics Review

January 2011; p ublished online April 2011 .

Journal Article. Subjects: Information, Knowledge, and Uncertainy; Welfare Economics; Economics of Health; Law and Economics; Tort Law. 21676 words.

When people face risk of death, they overinvest in risk reduction: first, they discount their risk-reduction costs by the probability of death; second, they consider the consumption of...