Der Jurist ist im Umgang mit Unsicherheit vor besondere Schwierigkeiten gestellt: Sein Instrumentarium ist weitgehend darauf ausgerichtet, mit statischen Situationen aufgrund einer präzisen Entscheidungsregel umzugehen. Unsicherheit und Risiko aber erlauben zunächst keine Präzision und keine...

In this paper it is argued that the slowness of the legislativesystem implies pre-commitment of legislation for at least the periodit takes to change a law. A simple model illustrates the benefit ofthis pre-commitment.

During the last decade unicameral proposals have been put forward in fourteen US states. In this paper we propose a theoretical framework casting some lights on the drawbacks of bicameral state legislatures and on the effects of the proposed constitutional reforms. In a setting where lawmakers...

We develop a model of legislative lobbying where policy proposals are endogenous. We show that a policy proposer with preferences tilted towards one lobby may be induced by an increase in that interest group's size to propose policies geared towards the opposing lobby. Hence, a larger lobby size...