Steven Kelman Quote

If both a legal rule and its opposite can be efficient because neither affected party can induce the other to waive the initially assigned rights, then either seems to be wealth maximizing.

Steven Kelman, Making public policy: A hopeful view of American government. Basic Books, 1987. p. 145

If both a legal rule and its opposite can be efficient because neither affected party can induce the other to waive the initially assigned rights,...

If both a legal rule and its opposite can be efficient because neither affected party can induce the other to waive the initially assigned rights,...

If both a legal rule and its opposite can be efficient because neither affected party can induce the other to waive the initially assigned rights,...

If both a legal rule and its opposite can be efficient because neither affected party can induce the other to waive the initially assigned rights,...