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Although a substantial body of research suggests that the discretion of discretion of actors in the criminal justice … generally hypothesize that discretion plays one of two roles: either it serves as the means by which changing broad social norms …. These spillovers are consistent with neither broad social norms nor internal social norms, so we conclude that discretion …
Persistent link: https://www.econbiz.de/10005714309
could reduce the full set of transaction costs and thereby improve the efficiency of the market-based approach for …
Persistent link: https://www.econbiz.de/10008836719
In a model of evolution driven by conflict between societies more powerful states have an advantage. When the influence of outsiders is small we show that this results in a tendency to hegemony. In a simple example in which institutions differ in their "exclusiveness" we find that these...
Persistent link: https://www.econbiz.de/10010950707
The lack of flexibility in public procurement design and implementation reflects public agents' political risk adaptation to limit hazards from opportunistic third parties - political opponents, competitors, interest groups - while externalizing the associated adaptation costs to the public at...
Persistent link: https://www.econbiz.de/10010950960
We study the wealth accumulation of Indian parliamentarians using public disclosures required of all candidates since 2003. Annual asset growth of winners is on average 3 to 6 percentage points higher than runners-up. By performing a within-constituency comparison where both runner-up and winner...
Persistent link: https://www.econbiz.de/10011271399
We study the determinants of the dynamics of firm lobbying behavior using a panel data set covering 1998-2006. Our data exhibit three striking facts: (i) few firms lobby, (ii) lobbying status is strongly associated with firm size, and (iii) lobbying status is highly persistent over time....
Persistent link: https://www.econbiz.de/10009359896
Generally speaking, better educated countries have better governments, an empirical regularity that holds in both dictatorships and democracies. We suggest that a possible reason for this fact is that educated people are more likely to complain about misconduct by government officials, so that,...
Persistent link: https://www.econbiz.de/10010550934
The Coase theorem implies that, in a world of positive transaction costs, any of a number of strategies, including judicially enforced private contracts, judicially enforced laws, or even government regulation, may be the cheapest way to bring about efficient resource allocation. Unfortunately,...
Persistent link: https://www.econbiz.de/10005718385
providers. We develop a model of this "make-or-buy" choice that highlights the trade-off between productive efficiency and the … for economic efficiency concerns, as well as politics, in contracting for government services. …
Persistent link: https://www.econbiz.de/10005830392
This paper presents the first systematic theoretical and empirical study of high-low agreements in civil litigation. A high-low agreement is a private contract that, if signed by litigants before the conclusion of a trial, constrains any plaintiff recovery to a specified range. Whereas existing...
Persistent link: https://www.econbiz.de/10010951481