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Routines and instincts are similar in terms of function and structure: 1) With respect to function, they economize on scarce decision-making resources, such as cognitive faculties, by making actions, within limits, inflexible vis-à-vis fluctuating environmental stimuli. As inflexible patterns,...
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Economists who emphasize path dependence generally dispute, at first approximation, the effectiveness of rational choice in understanding institutions. Such economists, belonging to the original (old) institutional economics and the historical school maintain that the constraint function is...
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The thesis that judges could (voluntarily or not) promote efficiency through their decisions has largely been discussed since Posner put it forward in the early 1970s. There nonetheless remains a methodological aspect that has never (to our knowledge) been analyzed in relation to the...
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