Showing 1 - 10 of 58
There is extensive literature on whether courts or legislators produce efficient rules, but which of them produces rules efficiently? The law is subject touncertainty 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/10005823412
We explore the sensitivity of the clinical decisions of physicians to the standards of care expected of them under the law, drawing on the abandonment by states over time of rules holding physicians to standards determined by local customs and the contemporaneous adoption of national-standard...
Persistent link: https://www.econbiz.de/10011193698
Exxon Shipping Co. v. Baker acknowledged that empirical studies undercut criticism of punitive damages. Paradoxically, the Court simultaneously expressed concern about jury predictability based on a high and variable punitive-compensatory ratio published in an article by the present authors. The...
Persistent link: https://www.econbiz.de/10010625801
We claim that Posner's nuisance rule maintains the efficiency feature even under severe informational asymmetry. This paper, as a critical assessment of an overly complicated order-reporting mechanism by Kim [2002], argues that Posner's original value-reporting mechanism alone is enough to...
Persistent link: https://www.econbiz.de/10005764325
The existing literature postulates that in nuisance suits courts should balance, for a property right under conflict, several values of the litigating parties. This practice, however, is controversial, mainly due to courts´ resource scarcity. This paper suggests an alternative institutional...
Persistent link: https://www.econbiz.de/10005247742
Wrongful convictions may increase the level of crime over the ideal case of their absence. The problem of wrongful conviction is most serious in areas where crime is endemic and for certain groups of citizens who are stereotyped. State liability mitigates this problem; compensating the...
Persistent link: https://www.econbiz.de/10005764338
This article considers how judges' political and racial backgrounds intersect with offender race under the United States Sentencing Guidelines. Using variation in judges' political affiliation and race at the district level and significant changes to Guidelines enforcement, I find that...
Persistent link: https://www.econbiz.de/10011193706
This paper empirically compares civil procedure in common-law and civil-law countries. Using World-Bank and hand-collected data, and unlike earlier studies that used predecessor data sets, this paper finds no systematic differences between common- and civil-law countries in the complexity,...
Persistent link: https://www.econbiz.de/10010625755
Existing studies of judicial decisionmaking have found that elected judges are more likely to dissent and to oppose judges from the same party. These findings are explained by elected judges having stronger preferences for risk or being more independent. In this paper, I offer an alternative...
Persistent link: https://www.econbiz.de/10010625818
The main goal of the court system is to differentiate between those who obeyed the law and those who did not. We describe a mechanism design framework that facilitates the characterization of a set of procedural mechanisms that would minimize the resources used to achieve this goal. This...
Persistent link: https://www.econbiz.de/10005582004