Steven Shavell

Reply: Notions of Fairness Versus the Pareto Principle: On the Role of Logical Consistency

110 Yale L.J. 237 (2000) In other writing, we advance the thesis that legal policies should be evaluated solely on the basis of their effects on individuals' well-being, meaning that no independent evaluative weight should be accorded to notions of fairness. In that work, we consider a variety of principles of fairness, justice, and corollary concepts that are conventionally employed...