The Yale Law Journal

Steven Shavell


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

Louis Kaplow & Steven Shavell

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 pr…