In a Case Law regime Courts have more flexibility than in a Statute Law regime. Since Statutes are inevitably … incomplete, this confers an advantage to the Statute Law regime over the Case Law one. However, all Courts rule ex-post, after … most economic decisions are already taken. Therefore, the advantage of flexibility for Case Law is unavoidably paired with …

decision making. We asked 123 professional lawyers and 247 law students in Germany this question, and they clearly predicted …

simple framework from the law and economics literature. …

Criminal law enforcement depends on the actions of public agents such as police officers, but the resulting agency … problems have been neglected in the law and economics literature (especially outside the specific context of corruption). We …-select into law enforcement jobs that offer the opportunity to punish (or facilitate the punishment of) wrongdoers. Such “punitive …