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What happens when the Supreme Court of the United States decides a case impacting one or more publicly-traded firms? While many have observed anecdotal evidence linking decisions or oral arguments to abnormal stock returns, few have rigorously or systematically investigated the behavior of...
Persistent link: https://www.econbiz.de/10012971150
In R (Miller) v Secretary of State for Exiting the European Union, the Supreme Court of the United Kingdom (a) held that the UK Government had no prerogative power to initiate the formal process whereby the UK will withdraw from the EU and (b) declined to recognise any requirement that the...
Persistent link: https://www.econbiz.de/10012958724
Using data on essentially every US Supreme Court decision since 1946, we estimate a model of peer effects on the Court. We consider both the impact of justice ideology and justice votes on the votes of their peers. To identify these peer effects we use two instruments. The first is based on the...
Persistent link: https://www.econbiz.de/10012963106
Does the Indian Parliament have the power to expel its members under the "powers, privileges and immunities" guaranteed by the Constitution? The Indian Supreme Court was confronted with the question in Raja Ram Pal v. Hon'ble Speaker, Lok Sabha and Others. Powers, privileges and immunities of...
Persistent link: https://www.econbiz.de/10014050783
The German Basic Law is open for an interpretation that would allow the Constitutional Court to test the normative adequacy of most statutes. If the court does, it could be modelled as the supervisor of the legislator, i.e., of the agent of the people. The model predicts collusion between the...
Persistent link: https://www.econbiz.de/10014130277
In her first two terms on the Supreme Court, Justice Elena Kagan has crafted a distinctive judicial voice that speaks to her readers in a remarkably conversational tone. She employs a variety of rhetorical devices: invocations to “remember” or “pretend”; informal and even colloquial...
Persistent link: https://www.econbiz.de/10013073054
The Supreme Court's 2012-2013 Term likely will be remembered best for the Justices' landmark ruling in United States v. Windsor, striking down Section 3 of the Defense of Marriage Act, and for the jurisdictional ruling in Hollingsworth v. Perry that helped to reopen the door for same-sex...
Persistent link: https://www.econbiz.de/10013077403
Article 301 of the Constitution of India provides that "... trade, commerce and intercourse throughout the territory of India shall be free". The Supreme Court of India has consistently held that the freedom is impaired only if the legislation directly and immediately restricts the interstate...
Persistent link: https://www.econbiz.de/10014223882
Persistent link: https://www.econbiz.de/10014261502
The practice of circuit riding by Supreme Court Justices is a concept as old as the federal judiciary itself, and has a storied history that spans the first 120 years of this nation's history. Yet the practice is also one of the least explored aspects of the Judiciary Act of 1789, and has been...
Persistent link: https://www.econbiz.de/10014053947