Positional Goods and Robert Lee Hale's Legal Economics

Vatiero M. (2013), “Positional goods and Robert Lee Hale’s legal economics,” Journal of Institutional Economics, 9(3):351-362.

20 Pages Posted: 25 Jul 2014 Last revised: 19 Aug 2016

See all articles by Massimiliano Vatiero

Massimiliano Vatiero

Università della Svizzera italiana; University of Trento

Date Written: December 1, 2011

Abstract

The legal realist Robert Lee Hale offered a definition of freedom as a zero-sum game: each volitional freedom implies some degree of coercion over other people’s freedom and at the same time one’s liberty is subject to some degree of control and coercion by others. The objective of our work is to develop such an intuition along with the theory on positional goods. This allows us to illustrate the externalities deriving from the “consumption” of freedom and detail the role of the law-maker in accordance with the Halean contribution.

Keywords: Coercion, Freedom, Positional Good, Robert Lee Hale.

JEL Classification: B25, D62, K10, K12

Suggested Citation

Vatiero, Massimiliano, Positional Goods and Robert Lee Hale's Legal Economics (December 1, 2011). Vatiero M. (2013), “Positional goods and Robert Lee Hale’s legal economics,” Journal of Institutional Economics, 9(3):351-362. . Available at SSRN: https://ssrn.com/abstract=2469111 or http://dx.doi.org/10.2139/ssrn.2469111

Massimiliano Vatiero (Contact Author)

Università della Svizzera italiana ( email )

Via Giuseppe Buffi, n. 13
Lugano, Ticino 6900
Switzerland

University of Trento ( email )

Via Inama, 5
Trento, Trento 38122
Italy

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