The Law of Damages and the Prisoners' Dilemma: A Comment on ‘Pure and Utilitarian Prisoners' Dilemmas’

Economics and Philosophy 13 (2):231-240 (1997)
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Abstract

Kuhn and Moresi have proposed a useful taxonomy for classifying prisoners' dilemmas. This comment is concerned with K&M's observation that legal penalties for defection can transform PDs into cooperative games, and their argument that the role of the law may vary depending on how the PD is classified by their taxonomy. The purpose of this note is to support K&M's analysis by demonstrating that the law of damages, as understood by economic analysis, already performs the function that K&M assign to legal penalties for defection.

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The economics of justice.Richard A. Posner (ed.) - 1981 - Cambridge: Harvard University Press.
The Economics of Justice.Richard A. Posner - 1983 - Law and Philosophy 2 (1):129-136.
The Common Law.Oliver Wendell Holmes - 1991 - Courier Corporation.
Pure and Utilitarian Prisoner's Dilemmas.Steven T. Kuhn - 1995 - Economics and Philosophy 11 (2):333-343.

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