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
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Objekttyp
- Arbeitspapier
Beteiligte
- Schlicht, Ekkehart
- Ludwig-Maximilians-Universität München, Volkswirtschaftliche Fakultät
Entstanden
- 2016