Showing 1 - 8 of 8
An arbiter can decide a case on the basis of his priors or he can ask for further evidence from the two parties to the … conflict. The parties may misrepresent evidence in their favour at a cost. The arbiter is concerned about accuracy and low … procedural costs. When both parties testify, each of them distorts the evidence less than when they testify alone. When the fixed …
Persistent link: https://www.econbiz.de/10005504723
An arbiter can decide a case on the basis of his priors or he can ask for further evidence from the two parties to the … conflict. The parties may misrepresent evidence in their favour at a cost. The arbiter is concerned about accuracy and low … procedural costs. When both parties testify, each of them distorts the evidence less than when they testify alone. When the fixed …
Persistent link: https://www.econbiz.de/10005788951
An arbiter can decide a case on the basis of his priors, or the two parties to the conflict may present further … evidence. The parties may misrepresent evidence in their favor at a cost. At equilibrium the two parties never testify together … party testifies. We compare this outcome under a purely adversarial procedure with the outcome under a purely inquisitorial …
Persistent link: https://www.econbiz.de/10008459770
This article offers a critical review of recent literature on Chinese legal tradition and argues that some subtle but fundamental differences between the Western and Chinese legal traditions are highly relevant to our explanation of the economic divergence in the modern era. This paper seeks to...
Persistent link: https://www.econbiz.de/10009024930
In this paper, we study the initial recruitment of individuals in the political sector. We propose an equilibrium model of political recruitment by a party who faces competition for political talent from the lobbying sector. We show that a political party may deliberately choose to recruit only...
Persistent link: https://www.econbiz.de/10005497781
We analyse how the governance structure of political parties influences electoral competition. Parties choose their … rents from office. More extreme parties tend to prefer less democratic governance structures. Instead, democratic structures …
Persistent link: https://www.econbiz.de/10005498196
centralization: 1) weakness/strength of the party system (measured by fractionalization of parliament and age of main parties); and 2 … (1964). Strong parties in developing and transition countries significantly improve the results of fiscal decentralization …
Persistent link: https://www.econbiz.de/10005791475
economy whose government uses optimal taxation to provide a public good, defense. The East is a centrally planned economy …. Utility depends on consumption, leisure and defense; defense is a characteristic which is an increasing function of the …
Persistent link: https://www.econbiz.de/10005656395