Hayo, Bernd; Voigt, Stefan - In: CESifo economic studies : CESifo, a joint initiative of … 60 (2014) 3, pp. 490-524
It has been argued that procedural formalism undermines economic efficiency by fostering rent-seeking and corruption. We challenge this view by arguing that a number of judicial procedures foster economic growth by increasing the predictability of court decisions, which leads to more...
