Gaining assurances

Wisconsin Law Review

Volumn 2012, Issue 4, 2012, Pages 1137-1175

  Lee, Julia Y ^a  

^a PENNSYLVANIA STATE UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

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EID: 84871031736     PISSN: 0043650X     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article

References (107)

1. See, e.g., Robert B. Ahdieh, The Visible Hand: Coordination Functions of the Regulatory State, 95 MINN. L. REV. 578, 618 (2010) ("The solution to coordination games does not lie in the alteration of incentives, but in the facilitation of accurate expectations of one another.").
2. See, e.g., Samuel Bowles et al., Homo Reciprocans: A Research Initiative on the Origins, Dimensions, and Policy Implications of Reciprocal Fairness, UMASS AMHERST 1-4 (June 7, 2007), http://www.umass.edu/preferen/gintis/homo.pdf;
3. Dan M. Kahan, Trust, Collective Action, and Law, 81 B.U. L. REV. 333, 333-34 (2001)
4. citing Ernst Fehr & Simon Gächter, Reciprocity and Economics: The Economic Implications of Homo Reciprocans, 42 EURO. ECON. REV. 845, 845-46 (1998));
5. Carlisle Ford Runge, Institutions and the Free Rider: The Assurance Problem in Collective Action, 46 J. POL. 154, 156-57 (1984).
6. See, e.g., Dan M. Kahan, Reciprocity, Collective Action, and Community Policing, 90 CALIF. L. REV. 1513, 1516-18 (2002).
7. A notable exception is Lee Fennell's discussion of locks, bribes, norms, and pacts as potential strategies for solving collective action problems. Lee Anne Fennell, Beyond Exit and Voice: User Participation in the Production of Local Public Goods, 80 TEX. L. REV. 1, 45-53 (2001).
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10. Richard H. McAdams, Beyond the Prisoners' Dilemma: Coordination, Game Theory, and Law, 82 S. CAL. L. REV. 209, 231-34 (2009).
11. THOMAS C. SCHELLING, THE STRATEGY OF CONFLICT 54-67 (1960); see also McAdams, supra note 6, at 231-32.
12. See, e.g., Ahdieh, supra note 1, at 618; Robert B. Ahdieh, Law's Signal: A Cueing Theory of Law in Market Transition, 77 S. CAL. L. REV. 215, 219 (2004);
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14. [hereinafter McAdams, A Focal Point Theory]; Richard H. McAdams, An Attitudinal Theory of Expressive Law, 79 OR. L. REV. 339, 339-40 (2000)
15. [hereinafter McAdams, An Attitudinal Theory]. For articles dealing with law's expressive function more generally, see, for example, Robert Cooter, Expressive Law and Economics, 27 J. LEGAL STUD. 585 (1998);
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20. I discuss public goods in more detail in Part III. The "tragedy of the commons" refers to situations where individuals acting in their own self-interest deplete a common resource. Garrett Hardin, The Tragedy of the Commons, 162 SCIENCE 1243, 1244 (1968).
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34. Id.; See Elinor Ostrom, A Behavioral Approach to the Rational Choice Theory of Collective Action, 92 AM. POL. SCI. REV. 1, 6 (1998).
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37. Other expressive theories include correlated equilibria and signaling theory. See Richard H. McAdams, The Expressive Power of Adjudication, 2005 U. ILL. L. REV. 1043.
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58. When a Bank Fails - Facts for Depositors, Creditors, and Borrowers, FDIC, http://www.fdic.gov/consumers/banking/facts/ (last visited Oct. 8, 2012). A related example is presented by home equity insurance plans intended to protect homeowners against loss in property values caused by white flight.
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