Showing 1 - 10 of 679,490
This Article uses public choice theory and the new institutionalism to discuss the incentives, proclivities, and shared …
Persistent link: https://www.econbiz.de/10012724263
This is a survey of legal liability for accidents. Three general aspects of accident liability are addressed. The first is the effect of liability on incentives, both whether to engage in activities (for instance, whether to drive) and how much care to exercise (at what speed to travel) to...
Persistent link: https://www.econbiz.de/10014023514
Using data on essentially every U.S. Supreme Court decision since 1946, we estimate a model of peer effects on the Court. We estimate the impact of justice ideology and justice votes on the votes of their peers. To identify the peer effects, we use two instruments that generate plausibly...
Persistent link: https://www.econbiz.de/10012598532
economic theory? Which theory does empirical analysis of actual sentencing data support? I argue that there is a fundamental … theories. The results of that study are surprising and support neither theory-not only is there no evidence for a trial penalty …
Persistent link: https://www.econbiz.de/10013059545
In this brief Article, I explore the growing empirical evidence in support of the public choice model of judicial decision making. Although legal scholars have traditionally been reluctant to engage in a critical inquiry into the role of judicial self-interest on judicial behavior, recent...
Persistent link: https://www.econbiz.de/10014178620
The practice of horizontal stare decisis requires that judges occasionally decide cases "incorrectly''. What sustains this practice? Given a heterogeneous bench, we show that the increasing differences in dispositions property of preferences generates gains when judges trade dispositions over...
Persistent link: https://www.econbiz.de/10014120810
rules (a normative theory for dynamically efficient courts.) We explicitly take into account that: 1) the optimal rules most …
Persistent link: https://www.econbiz.de/10014055935
We study a contracting model with unforeseen contingencies in which the court is an active player. Ex-ante, the contracting parties cannot include the risky unforeseen contingencies in the contract they draw up. Ex-post the court observes whether an unforeseen contingency occurred, and decides...
Persistent link: https://www.econbiz.de/10014035961
This essay sketches the central features of Gordon Tullock's (1922-2014) contributions to law and economics. My reference to Tullock as a “maverick scholar” is to indicate that he stood apart from the mainstream of law and economics scholarship as this is represented by Richard Posner's...
Persistent link: https://www.econbiz.de/10013029990
We present a formal game theoretic model of adjudication by a collegial court. The model incorporates dispute resolution as well as judicial policy making and indicates the relationship between the two. It explicitly addresses joins, concurrences and dissents, and assumes "judicial" rather than...
Persistent link: https://www.econbiz.de/10014165221