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Uncertainty of law and the legal process
Dari-Mattiacci, Guiseppe; Deffains, Bruno - 2005
There is extensive literature on whether courts or legislators produce efficient rules, but which of them produces rules efficiently? The law is subject to uncertainty ex ante; uncertainty makes the outcomes of trials difficult to predict and deters parties from settling disputes out of court. In...
Persistent link: https://www.econbiz.de/10011349216
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Judical error by groups and individuals
Dijk, Frans van; Sonnemans, Joep; Bauw, Ed - 2012
Persistent link: https://www.econbiz.de/10010191018
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Uncertainty of law and the legal process
Dari-Mattiacci, Guiseppe; Deffains, Bruno - 2006
Persistent link: https://www.econbiz.de/10003363133
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Comparative analysis of litigation system : an auction-theoretic approach
Baye, Michael R.; Kovenock, Daniel J.; Vries, Casper G. de - 2000
Persistent link: https://www.econbiz.de/10001534826
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Measuring power and satisfaction in societies with opinion leaders : dictator and opinion leader properties
Brink, René van den; Rusinowska, Agnieszka; Steffen, Frank - 2009
A well known and established model in communication policy in sociology and marketing is that of opinion leadership. Opinion leaders are actors in a society who are able to affect the behavior of other members called followers. Hence, opinion leaders might have a considerable impact on the...
Persistent link: https://www.econbiz.de/10011378325
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The role and evolution of central authorities
Frijters, Paul; Tieman, Alexander F. - 1999
In this paper we argue that authorities aid cooperation by means ofdirect coordination or the enforcement of re-commitment devices suchas contract laws.Credible threats of violence allow this role. In alocal interaction model, an authority forms if mutually connected individuals with sufficient...
Persistent link: https://www.econbiz.de/10011302150
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Sequential advocacy
Beniers, Klaas J.; Dur, Robert A. J.; Swank, Otto H. - 2003
The collection of information necessary fordecision-making is often delegated to agents (e.g. bureaucrats,advisors, lawyers). If both the pros and cons of a decision haveto be examined, it is better to use competing agents instead of asingle agent. The reason is that two conflicting pieces...
Persistent link: https://www.econbiz.de/10011326399
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The self-perception theory vs. a dynamic learning model
Swank, Otto H. - 2006
motivation may undermine intrinsic motivation. The self-perception (SP) theory developed by Bem (1972) explains this finding. The … crux of this theory is that people remember their past decisions and the extrinsic rewards they received, but they do not … recall their intrinsic motives. In this paper I show that the SP theory can be modeled as a variant of a conventional dynamic …
Persistent link: https://www.econbiz.de/10011349711
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Signaling quality through prices in an oligopoly
Janssen, Maarten C. W.; Roy, Santanu - 2007
Firms signal high quality through high prices even if the market structure is highly competitive and price competition is severe. In a symmetric Bertrand oligopoly where products may differ only in their quality, production cost is increasing in quality and the quality of each firm’s product...
Persistent link: https://www.econbiz.de/10011372971
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Entrepreneurial moral hazard in income insurance
Ejrnæs, Mette; Hochgürtel, Stefan - 2011
We study entrepreneurs’ behavioral responses of effort (moral hazard) to avoid business failure.This is done in the context of an unemployment insurance scheme for self-employed, wherewe estimate how much of the transition probability to unemployment can be causally attributedto being insured....
Persistent link: https://www.econbiz.de/10011376618