Information and Efficiency¶
Demsetz, H. (1969). Information and Efficiency: Another Viewpoint. The Journal of Law and Economics, 12(1), 1-22.
Cited by¶
5 citations across 5 artifacts.
Each citation links to the sentence it supports in the citing article.
Primes¶
Domain-specific¶
- Relative Privation
- The deflection works by ranking magnitudes, not by impugning the speaker. Not the Nirvana fallacy. Both use a severity gap to license non-engagement, but the Sign differs: relative privation invokes a downward asymmetry (a worse actual case) to dismiss a lesser concern, while the Nirvana fallacy invokes an upward one (a better imagined alternative) to dismiss a partial improvement.
Supported in partVerified against the source
- The deflection works by ranking magnitudes, not by impugning the speaker. Not the Nirvana fallacy. Both use a severity gap to license non-engagement, but the Sign differs: relative privation invokes a downward asymmetry (a worse actual case) to dismiss a lesser concern, while the Nirvana fallacy invokes an upward one (a better imagined alternative) to dismiss a partial improvement.
Mechanisms¶
- Feasible Alternative Comparison
- Its strength is exposing the nirvana fallacy — rejecting a real, workable option because it falls short of an unattainable ideal, a move the economist Harold Demsetz criticized as comparing actual arrangements against an imaginary perfect one.
This sourceCritiques the nirvana approach of condemning real institutions against an ideal norm instead of comparing feasible institutional alternatives.
- Its strength is exposing the nirvana fallacy — rejecting a real, workable option because it falls short of an unattainable ideal, a move the economist Harold Demsetz criticized as comparing actual arrangements against an imaginary perfect one.
- Ideal Baseline Rejection Note
- Its strength is that it defuses the nirvana fallacy — condemning a real option by measuring it against an unattainable ideal instead of against the realistic alternatives.
This sourceDefines the nirvana fallacy as judging an actual institutional arrangement against an idealized alternative instead of comparing feasible alternatives.
- Its strength is that it defuses the nirvana fallacy — condemning a real option by measuring it against an unattainable ideal instead of against the realistic alternatives.
- Ideal Comparator Filter
- Its strength is that it targets the exact fault line of the nirvana fallacy — treating "not perfect" as "not worth doing" — and neutralizes it without discarding ideals, which still have real work to do in setting direction.
This sourceCritiques the nirvana approach of comparing real institutions with an ideal norm instead of comparing feasible institutional alternatives.
- Its strength is that it targets the exact fault line of the nirvana fallacy — treating "not perfect" as "not worth doing" — and neutralizes it without discarding ideals, which still have real work to do in setting direction.
Verification¶
Does it exist? Confirmed. This work's DOI resolves to a registered record, which fixes its identity. That is all it fixes.
Does it back the claim? Read against the text for 1 of 5 citations: 1 supported in part. Each verdict is shown under its citation below, with what in the work backs the sentence.
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