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Record W3123161047

Constructive Trusts from a Law and Economics Perspective

2004· article· en· W3123161047 on OpenAlexaffabout
Anthony Duggan

Bibliographic record

VenueProject Muse (Johns Hopkins University) · 2004
Typearticle
Languageen
FieldSocial Sciences
TopicLegal principles and applications
Canadian institutionsUniversity of Toronto
Fundersnot available
KeywordsConstructive trustConstructiveUnjust enrichmentUnconscionabilityExpress trustPlaintiffFunction (biology)Law and economicsSettlorDeterrence theoryLawPolitical scienceBusinessEconomicsProcess (computing)Computer scienceRestitution
DOInot available

Abstract

fetched live from OpenAlex

The constructive trust is a court order declaring that the defendant holds a disputed asset on trust for the plaintiff. The aim of this paper is to develop a theory of the constructive trust based on economic considerations. It is commonly said that the constructive trust serves two functions: (1) a deterrence function (the prevention of unconscionable conduct); and (2) a restitutionary function (the reversal of unjust enrichment). This taxonomy overlooks the constructive trust's perfectionary function, namely the enforcement of express and implied bargains. Some constructive trusts serve an explicitly perfectionary function: the constructive trust to perfect an agreement to transfer is a case in point. Other constructive trusts appear to serve a deterrence or restitutionary function. However, on closer examination these constructive trusts turn out to be perfectionary as well. The paper discusses five leading Australian, Canadian and English cases, concluding that in each case the primary objective in granting or withholding the remedy is to reproduce the outcome the parties are likely to have agreed on up front if bargaining between them had been costless. Express or implicit cost benefit analysis is an indisensable part of the decision-making process.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.007
metaresearch head score (Gemma)0.012
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Theoretical or conceptual · Consensus signal: Theoretical or conceptual
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.010
Threshold uncertainty score0.074

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0070.012
Meta-epidemiology (narrow)0.0010.001
Meta-epidemiology (broad)0.0000.001
Bibliometrics0.0030.002
Science and technology studies0.0030.028
Scholarly communication0.0100.012
Open science0.0020.003
Research integrity0.0050.005
Insufficient payload (model declined to judge)0.0040.001

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.018
GPT teacher head0.247
Teacher spread0.229 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designTheoretical or conceptual
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations0
Published2004
Admission routes2
Has abstractyes

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Same venueProject Muse (Johns Hopkins University)Same topicLegal principles and applicationsFrench-language works237,207