Arbeitspapier

Entitlements and obligations

Market interactions are brought about by the interplay of entitlements and obligations. Entitlements are rights, as perceived by the individuals. They are subjectively perceived rights that go along with a motivational disposition to defend them. Obligations are the counterparts of entitlements. They refer to claims of others that are subjectively accepted, and go along with a motivational disposition to respect these claims. Very simple transactions must rely on a system of entitlements and obligations. Simple selfishness would not be sufficient to bring them about or sustain them. This is especially true for nonenforceable contracts. The relationship of entitlements and obligations to norms is also discussed.

Sprache
Englisch

Erschienen in
Series: Munich Discussion Paper ; No. 2016-20

Klassifikation
Wirtschaft
Relation of Economics to Other Disciplines
Microeconomic Behavior: Underlying Principles
Economics of Contract: Theory
Property Law
Contract Law
Transactional Relationships; Contracts and Reputation; Networks
Capitalist Systems: Property Rights
Other Economic Systems: Political Economy; Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies
Thema
entitlements
obligations
contracting
norms
behavioral economics
self-enforcing contracts non-enforcable contracts
norms
moralistic aggression

Ereignis
Geistige Schöpfung
(wer)
Schlicht, Ekkehart
Ereignis
Veröffentlichung
(wer)
Ludwig-Maximilians-Universität München, Volkswirtschaftliche Fakultät
(wo)
München
(wann)
2016

DOI
doi:10.5282/ubm/epub.30956
Handle
URN
urn:nbn:de:bvb:19-epub-30956-9
Letzte Aktualisierung
20.09.2024, 08:22 MESZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Schlicht, Ekkehart
  • Ludwig-Maximilians-Universität München, Volkswirtschaftliche Fakultät

Entstanden

  • 2016

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