Loopholes

Kim Sau CHUNG*, Lance Fortnow

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

Abstract

We formalise the argument of those American founding fathers who opposed the inclusion of the Bill of Rights into the Constitution. For some parameter values, the legislator, who is not sure whether or not there are any rights that he is unaware of, optimally chooses not to enumerate even those rights that he is aware of. We also show that, even if the legislator can add the sentence ‘this Bill should not be interpreted as suggesting that any unlisted rights can be impaired by the government’ to the Bill, the equilibrium outcome will stay the same.

Original languageEnglish
Pages (from-to)1774-1797
Number of pages24
JournalEconomic Journal
Volume126
Issue number595
DOIs
Publication statusPublished - 1 Sep 2016

Scopus Subject Areas

  • Economics and Econometrics

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