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Judges become ambitious decision makers when they face appellate review. This paper applies a contract theoretic perspective to the behavior of self-interested trial judges in a twolevel court system and analyzes the consequences for contracting in “the shadow of” the court. Confronted with...
Persistent link: https://www.econbiz.de/10010232650
increasing the quality of law. -- contract ; law and economics ; reputation ; repeated games ; incomplete contracts …
Persistent link: https://www.econbiz.de/10003278957
an accurate implementation of a "balanced" contractual term when firms are more concerned about their reputation, and …
Persistent link: https://www.econbiz.de/10014061429
This paper characterizes equilibrium outcomes of extensive form games with incomplete information in which players can sign renegotiable contracts with third-parties. Our aim is to understand the extent to which third-party contracts can be used as commitment devices when it is impossible to...
Persistent link: https://www.econbiz.de/10010222351
Purpose The purpose of this paper is to examine whether reputation element affects the decision relative performance of … following lab experiments bonus-incentive treatment without reputation, bonus-incentive treatment with reputation and trust …-incentive treatment with reputation. Findings The study finds that the reputation and fairness concerns, in contrast to self-interest, may …
Persistent link: https://www.econbiz.de/10012182130
At least two: the reputation of their brand and a reputation for being tough on imitators of this brand. Sustaining a … brand requires both investment in its reputation amongst consumers and the defence of the brand against followers that … that brand owners can benefit from a reputation for tough opposition to trade mark applications. Such a reputation induces …
Persistent link: https://www.econbiz.de/10010343935
In two experiments, we examine the effects of employer reputation in an online labor market (Amazon Mechanical Turk) in … reputation, we find that good-reputation employers attract work of the same quality but at twice the rate as bad-reputation … employers. This is the first clean, field evidence on the value of employer reputation. It can serve as collateral against …
Persistent link: https://www.econbiz.de/10011387537
We analyze how reputational concerns of arbitrators affect the quality of their decision process, in particular, information acquisition and bias. We assume that arbitrators differ in their ability to observe the state of the world and that information acquisition is costly and unobservable. We...
Persistent link: https://www.econbiz.de/10014048311
develop a theoretical model suggesting that judges who are concerned about their reputation would tend to "decide against …
Persistent link: https://www.econbiz.de/10012972177
misbehaving company's reputation. The reputational impact of litigation depends on factors such as whom the judge is scolding …
Persistent link: https://www.econbiz.de/10013024546