Abstractuncover during deliberations as well as relevant information from previous decisions. I assume that judges have reputation concerns and try to signal to an evaluator that they can interpret the law correctly. If an appeal is brought, the appellate court's decision reveals whether the judge interpreted the law properly and allows the evaluator to assess the judge's ability. The monitoring possibilities for the evaluator are therefore endogenous, because the probability of an appeal depends on the judge's decision. I find that judges with career concerns tend to be "creative," i.e., to inefficiently contradict previous decisions.
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Bibliographic InfoPaper provided by London School of Economics and Political Science in its series Open Access publications from London School of Economics and Political Science with number http://eprints.lse.ac.uk/939/.
Date of creation: 2005
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Publication status: Published in Rand journal of economics (2005) v.36, p.275-297
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Other versions of this item:
- D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
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