Showing 1 - 10 of 6,635
Judges become ambitious decision makers when they face appellate review. This paper applies a contract theoretic … implemented court accuracy and degrade the contract outcome. Our implications put into perspective the traditional function of … contract output. …
Persistent link: https://www.econbiz.de/10010232650
Persistent link: https://www.econbiz.de/10003265277
Persistent link: https://www.econbiz.de/10010380437
Persistent link: https://www.econbiz.de/10010408913
Persistent link: https://www.econbiz.de/10011296084
Persistent link: https://www.econbiz.de/10011717468
We solve a long-term contracting problem with symmetric uncertainty about the agent's quality, and a hidden action of the agent. As information about quality accumulates, incentives become easier to provide because the agent has less room to manipulate the principal's beliefs. This result is...
Persistent link: https://www.econbiz.de/10011674079
Persistent link: https://www.econbiz.de/10014487038
increasing the quality of law. -- contract ; law and economics ; reputation ; repeated games ; incomplete contracts … incomplete contract. It is shown that the efficiency of these solutions is very sensitive to the characteristics of the good or … ; transactions costs ; institutional economics ; contract enforcement …
Persistent link: https://www.econbiz.de/10003278957
Applying an indirect evolutionary approach with endogenous preference formation, we show that a legal system can induce players to reward trust even if material incentives dictate to exploit trust. By analyzing the crowding out or crowding in of trustworthiness implied by various verdict rules,...
Persistent link: https://www.econbiz.de/10013321120