Some things have no unequivocal decision metric. e.g. "We know it's not always fair but that's the way we have decided it goes, so everyone knows where they sta

Some things have no unequivocal decision metric. e.g. "We know it's not always fair but that's the way we have decided it goes, so everyone knows where they stand". I think this is demonstrated by Coase's "The Problem of Social Cost" [1] > Because in the real world there are costs of bargaining and information gathering, legal rules are justified to the extent of their ability to allocate rights to the most efficient right-bearer. [1] http://en.wikipedia.org/wiki/The_Problem_of_Social_Cost http://en.wikipedia.org/wiki/The_Problem_of_Social_Cost