Moral Market Design

45 Pages Posted: 3 Nov 2018

Date Written: October 7, 2018

Abstract

We often encounter people who we believe are behaving immorally. We routinely try to change minds and often donate to charitable organizations that do the same. Of course, this does not always work. In a liberal, rights-based society, we have to tolerate this. But, legal entitlements to act in ways that others find immoral are inefficiently allocated. For example, some meat-eaters value eating meat less than some vegetarians would be willing to pay them to stop. While many have written about the limits of the market, market design, and abuse of right, no one has considered the sale of these entitlements. This article proposes a market-based solution, encouraging the sale of these entitlements under certain conditions. This would lead to improvements both on an economic efficiency analysis and on a moral analysis.

Keywords: ethics; markets

Suggested Citation

Krauss, Sam Fox, Moral Market Design (October 7, 2018). Kansas Journal of Law & Pubic Policy, Vol. 28, No. 2, 2019. Available at SSRN: https://ssrn.com/abstract=3251396

Sam Fox Krauss (Contact Author)

University of Texas at Austin ( email )

TX
United States

Register to save articles to
your library

Register

Paper statistics

Downloads
17
Abstract Views
57
PlumX