A Theory of Rational Jurisprudence

成果类型:
Article
署名作者:
Baker, Scott; Mezzetti, Claudio
署名单位:
Washington University (WUSTL); University of Melbourne
刊物名称:
JOURNAL OF POLITICAL ECONOMY
ISSN/ISSBN:
0022-3808
DOI:
10.1086/666655
发表日期:
2012
页码:
513-551
关键词:
COMMON-LAW LEGAL EVOLUTION uncertainty POSITIVISM COURTS
摘要:
We examine a dynamic model of up-or-down problem solving. A decision maker can either spend resources investigating a new problem before deciding what to do or decide on the basis of similarity with precedent problems. Over time, a decision-making framework, or jurisprudence, develops. We focus on the model's application to judge-made law. We show that judges summarily apply precedent in some cases. The law may converge to efficient or inefficient rules. With positive probability, identical cases are treated differently. As the court learns over time, inconsistencies become less likely. We discuss the existing empirical evidence and the model's testable implications.