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The dynamics of the legal system

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Author Info

  • Dari-Mattiacci, Giuseppe
  • Deffains, Bruno
  • Lovat, Bruno

Abstract

We present a dynamic model of noncontractual litigation in which the parties’ decision whether to litigate depends on information produced by courts and, vice versa, the courts’ involvement in the lawmaking process depends on the cases proposed by the parties. Thereby, we integrate in one model the two main functions of the judiciary (adjudication and lawmaking) and study their interplay. Our model offers a dynamic, cyclical perspective on the evolution of the legal system over time and sheds new light on the causes for high litigation rates and on judge-made law versus statutes.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Economic Behavior & Organization.

Volume (Year): 79 (2011)
Issue (Month): 1 ()
Pages: 95-107

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Handle: RePEc:eee:jeborg:v:79:y:2011:i:1:p:95-107

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Web page: http://www.elsevier.com/locate/jebo

Related research

Keywords: Incompleteness of law; Litigation; Legislation; Adjudication; Judge-made law;

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References

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Cited by:
  1. Brousseau, Eric & Garrouste, Pierre & Raynaud, Emmanuel, 2011. "Institutional changes: Alternative theories and consequences for institutional design," Journal of Economic Behavior & Organization, Elsevier, vol. 79(1), pages 3-19.
  2. Scott Baker and Claudio Mezzetti, 2012. "A Theory of Rational Jurisprudence," Department of Economics - Working Papers Series 1144, The University of Melbourne.

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