Good Faith and Game Theory

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    This article shows how game theory can be applied to model good faith mathematically using an example of a classic legal dispute related to rei vindicato. The issue is whether an owner has a legal right to his good if a person has bought it in good faith by using updated probabilities. The article illustrates that a rule of where good faith is irrelevant Pareto dominates a rule where good faith may protect an innocent buyer.
    TitelEncyclopedia of Law and Economics
    RedaktørerAlain Marciano, Giovanni Battista Ramello
    Antal sider5
    UdgivelsesstedNew York
    ForlagSpringer Science+Business Media
    Publikationsdato7 apr. 2016
    ISBN (Trykt)9781461478836 , 9781461477525
    ISBN (Elektronisk)9781461477549
    StatusUdgivet - 7 apr. 2016