beliefs concerning future states of the world. Systems theory see the legal order as a social system which reproduces itself …

low credibility due to incorrect opinions, lack of knowledge, and, even worse, manipulation attempts for the benefit of … the authors or content providers. While mechanisms for the support of credibility evaluation in practice have been … credibility by consumers with varying expertise, in the presence of producers who have incentives to manipulate information. …

The article presents a survey of theory concerning the "credibility" and "reputation" issues until the beginning of the … 1990s, when new concept of "central bank independence" emerged. The "credibility problem" described by Kydland and Prescott … so that time inconsistent policies lack credibility. This problem can be analysed in terms of a complete-information game …