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, reputation, the efficacy of which is enhanced by consumers investing in "connectedness," with a formal mechanism, legal …
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, reputation, the efficacy of which is enhanced by consumers investing in "connectedness," with a formal mechanism, legal …
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achieved with an informal enforcement mechanism, reputation, the efficacy of which is enhanced by consumers investing in …
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mechanism, reputation, the efficacy of which is enhanced by consumers investing in quot;connectedness,quot; with a formal …
Persistent link: https://www.econbiz.de/10012747887
Judges become ambitious decision makers when they face appellate review. This paper applies a contract theoretic perspective to the behavior of self-interested trial judges in a twolevel court system and analyzes the consequences for contracting in “the shadow of” the court. Confronted with...
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