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The economic analysis of civil litigation has focused on the action of the litigants and on the effects of substantive and procedural rules on their behavior. This chapter focuses on the economic analysis of procedural rules and how these rules alter the incentives of the litigants to file,...
Persistent link: https://www.econbiz.de/10014222692
The overruling of prior case law is one of the most dramatic events in a common-law system, and the rate of overrulings is often considered an important measure of legal change. To measure this process more precisely, and thereby elucidate the relationship between legal doctrines of stare...
Persistent link: https://www.econbiz.de/10014049789
This article is part of a symposium on the work of Gordon Tullock, to be held in connection with the presentation to Tullock of the Lifetime Achievement Award of the Fund for the Study of Spontaneous Orders at the Atlas Research Foundation, for his contributions to the study of spontaneous...
Persistent link: https://www.econbiz.de/10012730815
The economic analysis of civil procedure can be enriched by a more thorough consideration of the productive functions of civil adjudication. The previous literature has recognized that civil adjudication does have products – conventionally described as dispute resolution services, plus...
Persistent link: https://www.econbiz.de/10014144571
In this article we focus on a previously neglected cost of whistle-blower awards: employers may base their hiring decisions, on the margin, not on the productivity of an employee but rather on the probability that the employee will become a whistle-blower. We develop a three-stage model to...
Persistent link: https://www.econbiz.de/10012851537
In this paper we study the strengths and weaknesses of the matching-reservations mechanism introduced by Article 21 of the Vienna Convention. When states face asymmetric incentives, the rules introduced by the Vienna Convention may not discourage all reservations. We also analyze the welfare...
Persistent link: https://www.econbiz.de/10014059519
While customary law is capable of creating universally binding rules, the rules that govern its formation allow states to gain an exemption from emerging norms of customary law by remaining persistent objectors. This form of objection requires the objecting state to take express action to oppose...
Persistent link: https://www.econbiz.de/10014085942
We analyze the interactions between social norms, the prevalence of regulated acts, and policies. These interactions are impacted by people's inability to directly observe actors' behavior. Norms are ineffective incentivizers when acts are committed either very frequently or very infrequently,...
Persistent link: https://www.econbiz.de/10012824876
This short essay uses a recent case study - the controversy surrounding the U.S. Department of Homeland Security's access to European airline reservation data - as a vehicle for exploring the European Union's new enthusiasm for projecting its data-privacy values globally. We begin by discussing...
Persistent link: https://www.econbiz.de/10014209811
There is broad, though not universal, agreement that widespread voter ignorance and irrational evaluation of evidence are serious threats to democracy. But there is deep disagreement over strategies for mitigating the danger. 'Top-down' approaches, such as epistocracy and lodging more authority...
Persistent link: https://www.econbiz.de/10014077825