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Anderlini, Luca; Gerardi, Dino; Lagunoff, Roger - Collegio Carlo Alberto, Università degli Studi di Torino - 2008

perfectly aligned "full learning" equilibria - ones in which the individuals' posterior beliefs eventually place full weight on … message of all his predecessors. Surprisingly, in the latter case full learning may be impossible even in the limit as all … mediator who can work across time periods arbitrarily far apart. In this case full learning equilibria exist. …

Persistent link: https://www.econbiz.de/10005013922

Communication and Learning

Lagunoff, Roger; Gerardi, Dino; Anderlini, Luca - Georgetown University, Department of Economics - 2008

makers. We ask whether there exist "full learning" equilibria -- ones in which the players' posterior beliefs eventually …. Surprisingly, in the latter case full learning may be impossible even in the limit as all players become infinitely patient. We …. In this case full learning equilibria exist. …

Persistent link: https://www.econbiz.de/10005169616

Communication and Learning

Anderlini, Luca; Gerardi, Dino; Lagunoff, Roger - Cowles Foundation for Research in Economics, Yale University - 2008

makers. We ask whether there exist "full learning'' equilibria -- ones in which the players' posterior beliefs eventually …. Surprisingly, in the latter case full learning may be impossible even in the limit as all players become infinitely patient. We …. In this case full learning equilibria exist. …

Persistent link: https://www.econbiz.de/10005593160

Should courts always enforce what contracting parties write?

Anderlini, Luca; Felli, Leonardo; Postlewaite, Andrew - 2006

We find an economic rationale for the common sense answer to the question in our title courts should not always enforce what the contracting parties write. We describe and analyze a contractual environment that allows a role for an active court. An active court can improve on the outcome that...

Persistent link: https://www.econbiz.de/10010264017

Active courts and menu contracts

Anderlini, Luca; Felli, Leonardo; Postlewaite, Andrew - 2006

We describe and analyze a contractual environment that allows a role for an active court. The model we analyze is the same as in Anderlini, Felli, and Postlewaite (2006). An active court can improve on the outcome that the parties would achieve without it. The institutional role of the court is...

Persistent link: https://www.econbiz.de/10010264021

Statute law or case law? /

Anderlini, Luca; Felli, Leonardo; Riboni, Alessandro - 2008

In a Case Law regime Courts have more flexibility than in a Statute Law regime. Since Statutes are inevitably incomplete, this confers an advantage to the Statute Law regime over the Case Law one. However, all Courts rule ex-post, after most economic decisions are already taken. Therefore, the...

Persistent link: https://www.econbiz.de/10010264405

Statute Law or Case Law?

Anderlini, Luca - 2009

Persistent link: https://www.econbiz.de/10013159961

Should Courts Always Enforce What Contracting Parties Write? Second Version

Anderlini, Luca - 2006

We find an economic rationale for the common sense answer to the question in our title - courts should not always enforce what the contracting parties write. We describe and analyze a contractual environment that allows a role for an active court. An active court can improve on the outcome that...

Persistent link: https://www.econbiz.de/10012732731

Should Courts Always Enforce What Contracting Parties Write?

Anderlini, Luca - 2006

We find an economic rationale for the common sense answer to the question in our title - courts should not always enforce what the contracting parties write.We describe and analyze a contractual environment that allows a role for an active court. An active court can improve on the outcome that...

Persistent link: https://www.econbiz.de/10012735522

Should Courts Always Enforce What Contracting Parties Write? this Paper Replaces Te/2003/464

Anderlini, Luca - 2008

Persistent link: https://www.econbiz.de/10012771140