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Democracy, Judicial Attitudes and Heterogeneity: The Civil Versus Common Law Tradition

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  • Guerriero, C.

Abstract

A key issue in the design of a legal system is the choice of the mechanism aggregating preferences over the level of deterrence. While under Case law appellate judges’ biases offset one another at the cost of volatility of precedents, under Statute law the Legislator chooses certain rules that are biased only when bribes are accepted: i.e., when political institutions are weak and/or the preference heterogeneity is sufficiently high. Thus, only in the last scenario, Case law can outperform Statute law. Also, institutions fostering limited discretion by lower courts improve the performance of Case law. Instrumental variables estimates based on historical data from 156 countries confirm this prediction.

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File URL: http://www.econ.cam.ac.uk/research/repec/cam/pdf/cwpe0917.pdf
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Bibliographic Info

Paper provided by Faculty of Economics, University of Cambridge in its series Cambridge Working Papers in Economics with number 0917.

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Date of creation: 08 Apr 2009
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Handle: RePEc:cam:camdae:0917

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Web page: http://www.econ.cam.ac.uk/index.htm

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Keywords: legal origins; culture; democracy; economic development.;

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Cited by:
  1. Bernd Hayo & Stefan Voigt, 2010. "Determinants of Constitutional Change: Why Do Countries Change Their Form of Government?," MAGKS Papers on Economics 201006, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
  2. Aidt, T.S., 2010. "Corruption and Sustainable Development," Cambridge Working Papers in Economics 1061, Faculty of Economics, University of Cambridge.

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