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The Evolution of the German Tort Law in the 19th Century - An Economic Analysis of the Evolution of Law
Eckardt, Martina - 1999
strict liability rule for railway accidents by the Prussian Railway Law in 1838. This was a complete break with the whole … in the present-day broad diffusion of the liability rule in the German tort law. …
Persistent link: https://www.econbiz.de/10010319319
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Race, poverty, and American tort awards: evidence from three datasets
Helland, Eric; Tabarrok, Alexander - 2002
We investigate the impact of the race and income of the jury pool on trial awards. We find that the average tort award increases as black and Hispanic county population rates increase and especially as black and Hispanic county poverty rates increase. An increase in the black countypoverty rate...
Persistent link: https://www.econbiz.de/10010271976
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Biased Experts, Costly Lies, and Binary Decisions
Hodler, Roland; Loertscher, Simon; Rohner, Dominic - 2010
Decision makers lacking crucial specialist know-how often consult with better informed but biased experts. In our model …, and to situations with multiple experts and uncertainty about the size of the expert's bias. …
Persistent link: https://www.econbiz.de/10011430094
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Sequential Aggregation of Verifiable Information
Hahn, Volker - 2010
We introduce the notion of verifiable information into a model of sequential debate among experts who are motivated by … career concerns. We show that self-censorship may hamper the efficiency of information aggregation, as experts withhold … phenomenon, and the probability of the correct state of the world being revealed always converges to one as the group of experts …
Persistent link: https://www.econbiz.de/10011753200
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Použití (mikro)ekonomické metodologie při tvorbě a interpretaci soukromého práva
Richter, Tomáš - 2008
The paper reviews (in Czech) the main qualitative tools applied by (micro)economic analysis and surveys the main literature on the topic. Economics is often being criticised by its opponents for the use of unrealistic assumptions. On the contrary, my claim is that if economics has anything to...
Persistent link: https://www.econbiz.de/10010322316
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Rechtliche Entscheidungen unter Unsicherheit
Engel, Christoph - 2001
Lawyers routinely have to decide under considerable uncertainty. Those officially applying the law in force, like judges or public officials, often do not know all the facts of the case. And the legislator ought to know, understand and forecast much more than he usually does. Economics,...
Persistent link: https://www.econbiz.de/10010323972
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Uncertainty of Law and the Legal Process
Dari-Mattiacci, Guiseppe; Deffains, Bruno - 2006
There is extensive literature on whether courts or legislators produce efficient rules, but which of them produces rules efficiently? The law is subject to uncertainty 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/10010325161
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Judicial Error by Groups and Individuals
van Dijk, Frans; Sonnemans, Joep H.; Bauw, Ed - 2012
In criminal cases judges evaluate and combine probabilistic evidence to reach verdicts. Unavoidably, errors are made, resulting in unwarranted conviction or acquittal of defendants. This paper addresses the questions (1) whether hearing cases by teams of three persons leads to less error than...
Persistent link: https://www.econbiz.de/10010326541
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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
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Wirtschaftspolitik als Rechtsanwendung: zum Verhältnis von Jurisprudenz und Ökonomie in der Wettbewerbspolitik
Hellwig, Martin - 2007
Persistent link: https://www.econbiz.de/10010264826