________ are intended to be applied in situations in which institutions are imperfect, entitlements and their protection are unclear, or transactions costs prohibit bargaining to resolve the issue.
A. Pareto’s principles
B. Donaldson’s guidelines for “ethical leadership”
C. The Calabresi and Melamed principles
D. The “Five Modernizations”
Answer:C
________ are intended to be applied in situations in which institutions are imperfect, entitlements and their protection are unclear, or transactions costs prohibit bargaining to resolve the issue.
A. Pareto’s principles B. Donaldson’s guidelines for “ethical leadership” C. The Calabresi and Melamed principles D. The “Five Modernizations”