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The Valuation of Legal Rights

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  • Eli M. Noam

Abstract

Such issues as the freedom of speech or the right to vote are usually discussed as matters of principle or public policy, without concern for the preferences of the potential users of these rights. Yet it is interesting to see how strongly valued they are. This paper develops a method to derive the demand for legal and constitutional rights and rules, the values attached to them, and their sensitivity to income and education. The model is based on referendum data and on the interpretation of nonvoting behavior.

Suggested Citation

  • Eli M. Noam, 1981. "The Valuation of Legal Rights," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 96(3), pages 465-476.
    • Handle: RePEc:oup:qjecon:v:96:y:1981:i:3:p:465-476.
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    File URL: http://hdl.handle.net/10.2307/1882682
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    Cited by:

    1. Robert Deacon & Felix Schläpfer, 2010. "The Spatial Range of Public Goods Revealed Through Referendum Voting," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 47(3), pages 305-328, November.

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