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Entitlements and Obligations

Author

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  • Schlicht, Ekkehart

Abstract

This is an electronic reprint of the second chapter of the book "On Custom in the Economy" by Ekkehart Schlicht that has been published in 1998 by the Clarendon Press, Oxford. The chapter focusses on the behavioral entailments of concluding a contract.

Suggested Citation

  • Schlicht, Ekkehart, 1995. "Entitlements and Obligations," Discussion Papers in Economics 30956, University of Munich, Department of Economics.
    • Handle: RePEc:lmu:muenec:30956
    as

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    File URL: https://epub.ub.uni-muenchen.de/30956/1/Schlicht_2016_Entitlements.pdf
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    References listed on IDEAS

    as
    1. Kahneman, Daniel & Knetsch, Jack L & Thaler, Richard, 1986. "Fairness as a Constraint on Profit Seeking: Entitlements in the Market," American Economic Review, American Economic Association, vol. 76(4), pages 728-741, September.
    2. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    3. Telser, L G, 1980. "A Theory of Self-enforcing Agreements," The Journal of Business, University of Chicago Press, vol. 53(1), pages 27-44, January.
    4. Bull, Clive, 1983. "Implicit Contracts in the Absence of Enforcement and Risk Aversion," American Economic Review, American Economic Association, vol. 73(4), pages 658-671, September.
    5. Guth, Werner & Schmittberger, Rolf & Schwarze, Bernd, 1982. "An experimental analysis of ultimatum bargaining," Journal of Economic Behavior & Organization, Elsevier, vol. 3(4), pages 367-388, December.
    6. Klein, Benjamin & Crawford, Robert G & Alchian, Armen A, 1978. "Vertical Integration, Appropriable Rents, and the Competitive Contracting Process," Journal of Law and Economics, University of Chicago Press, vol. 21(2), pages 297-326, October.
    7. Casson, Mark, 1991. "The Economics of Business Culture: Game Theory, Transaction Costs, and Economic Performance," OUP Catalogue, Oxford University Press, number 9780198283751.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Keywords: entitlements; obligations; contracting; norms; behavioral economics; self-enforcing contracts non-enforcable contracts; norms; moralistic aggression;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles
    • D86 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Economics of Contract Law
    • K11 - Law and Economics - - Basic Areas of Law - - - Property Law
    • K12 - Law and Economics - - Basic Areas of Law - - - Contract Law
    • L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
    • P14 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Property Rights
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies

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