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The Evolution of Common Law

We present a model of lawmaking by appellate courts in which judges influenced by policy preferences can distinguish precedents at some cost. We find a cost and a benefit of diversity of judicial views. Policy‐motivated judges distort the law away from efficiency, but diversity of judicial... Full description

1st Person: Gennaioli, Nicola
Additional Persons: Shleifer, Andrei verfasserin
Source: in Journal of political economy Vol. 115, No. 1 (2007), p. 43-68
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Type of Publication: Article
Language: English
Published: 2007
Keywords: research-article
Online: Volltext
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