114 Harv. L. Rev. 961 (2000-2001)
Fairness Versus Welfare

handle is hein.journals/hlr114 and id is 989 raw text is: VOLUME 114                                                 FEBRUARY 2001                                                             NUMBER 4
IHARVARD LAW REVIEW
ARTICLE
FAIRNESS VERSUS WELFARE
Louis Kaplow and Steven Shavell
TABLE OF CONTENTS
I. INTRODUCTION                   ......................................................................................................................... 967
II. W     ELFARE         ECONOMICS AND                   NOTIONS OF              FAIRNESS ................................................... 976
A.    Welfare Economics .............................................................................................................. 977
i.   Individuals' Well-being .................................................................................................. 979
2.   Social Welfare and              Individuals' Well-being .......................................................... 985
3.   Comments on             Social Welfare and              the Distribution           of Income ..........................             989
4.   Concluding          Remark ...................................................................................................... 998
B.    Notions of        Fairness ............................................................................................................. 999
i.   The Basic Nature of Notions of Fairness ................................................................... 999
2.   Further Comments                 on   Notions of Fairness .............................................................. 1005
(a)   M   ean  in  g  ...................................................................................................................  005
(b) Nonconsequentialist Character ............................................................................ 1006
(c)   Ex    Post Character .................................................................................................. 1007
(d) Concluding            Remark .......................................................................................... 1010
C.    Overview        of   Our Argument ............................................................................................... 011
i. The Argument for Welfare Economics and Against Notions of Fairness ............ 1li
2.   On    the Rationale for Notions of Fairness ................................................................. 1017
D.    Notions of         Fairness and          Social Norms .......................................................................... 1021
i.   The Nature of Social Norms ....................................................................................... 1021
2. Implications for the Role of Notions of Fairness in Legal Policy Analysis .......... 1028
I  T. T  O  R T  S  ....................................................................................................................................  1039
A.    Welfare Economics and                   Tort Law .................................................................................... 1039
B.    Notions of        Fairness and           Tort Law       .................................................................................. 1040
i.   Notions of Fairness ....................................................................................................... 1040
2.   Comments on             the Literature ....................................................................................... 1044
C. Welfare Economics Versus Fairness in Paradigmatic Accident Situations ............... 1052
x.   Reciprocal Accidents .................................................................................................... 1052
(a) Description .............................................................................................................. 1052
(b) Effects of the Legal Rules ..................................................................................... 1053

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