首页 > 最新文献

Journal of Law Economics & Organization最新文献

英文 中文
Organizational Capacity, Regulatory Review, and the Limits of Political Control 组织能力、监管审查与政治控制的限度
IF 1.1 3区 社会学 Q3 ECONOMICS Pub Date : 2016-05-01 DOI: 10.1093/JLEO/EWV025
Alexander Bolton, R. Potter, Sharece Thrower
Studies of administrative politics focus primarily on political control and ignore organizational capacity. We argue that political and organizational factors, as well as the interaction between the two, are necessary for explaining executive policymaking. To test this theory, we consider the Office of Information and Regulatory Affairs (OIRA), an agency often perceived to be the president’s political instrument. Using a new dataset of over 22,000 regulations reviewed by OIRA, we demonstrate that political factors influence review lengths, but organizational factors also exhibit a significant role. We find that reviews are longer when OIRA is understaffed and over-worked. Significantly, we demonstrate that low organizational capacity inhibits the president’s ability to expedite priority rules. Overall, this study highlights the organizational limits of political control. (JEL H11, H83, K23, L50, L51, M50)
行政政治学的研究主要集中在政治控制上,而忽视了组织能力。我们认为,政治和组织因素,以及两者之间的相互作用,是解释行政决策的必要条件。为了验证这一理论,我们考虑了信息和监管事务办公室(OIRA),一个经常被认为是总统政治工具的机构。使用OIRA审查的超过22,000条法规的新数据集,我们证明政治因素影响审查长度,但组织因素也表现出重要作用。我们发现,当OIRA人手不足、工作过度时,审查时间会更长。值得注意的是,我们证明了低组织能力抑制了总统加快优先规则的能力。总的来说,这项研究强调了政治控制的组织限制。(凝胶h11, h83, k23, l50, l51, m50)
{"title":"Organizational Capacity, Regulatory Review, and the Limits of Political Control","authors":"Alexander Bolton, R. Potter, Sharece Thrower","doi":"10.1093/JLEO/EWV025","DOIUrl":"https://doi.org/10.1093/JLEO/EWV025","url":null,"abstract":"Studies of administrative politics focus primarily on political control and ignore organizational capacity. We argue that political and organizational factors, as well as the interaction between the two, are necessary for explaining executive policymaking. To test this theory, we consider the Office of Information and Regulatory Affairs (OIRA), an agency often perceived to be the president’s political instrument. Using a new dataset of over 22,000 regulations reviewed by OIRA, we demonstrate that political factors influence review lengths, but organizational factors also exhibit a significant role. We find that reviews are longer when OIRA is understaffed and over-worked. Significantly, we demonstrate that low organizational capacity inhibits the president’s ability to expedite priority rules. Overall, this study highlights the organizational limits of political control. (JEL H11, H83, K23, L50, L51, M50)","PeriodicalId":47987,"journal":{"name":"Journal of Law Economics & Organization","volume":"144 1","pages":"242-271"},"PeriodicalIF":1.1,"publicationDate":"2016-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86894732","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 38
More than Politics: Ability and Ideology in the British Appellate Committee 超越政治:英国上诉委员会的能力与意识形态
IF 1.1 3区 社会学 Q3 ECONOMICS Pub Date : 2016-03-01 DOI: 10.1093/JLEO/EWV009
Matias Iaryczower, Gabriel Katz
We argue that a model of judicial behavior that accounts for differences in justices’ ability and ideology provides a fruitful alternative for the empirical analysis of judicial decision-making around the world, and illustrate this by focusing on the case of the United Kingdom. We show that the model explains the decisions of the Lords of Appeal remarkably well, and improves the fit of a purely ideological model. We use our estimates to tackle previously unaddressed questions about the relative role of justices’ preferences and ability in the Appellate Committee. (JEL C11, C13, D71, K40.)
我们认为,考虑到法官能力和意识形态差异的司法行为模型为世界各地司法决策的实证分析提供了一个富有成效的选择,并通过关注英国的案例来说明这一点。我们表明,该模型非常好地解释了上诉法官的决定,并提高了纯意识形态模型的拟合性。我们用我们的估计来解决以前未解决的问题,即法官的偏好和能力在上诉委员会中的相对作用。(凝胶c11, c13, d71, k40 .)
{"title":"More than Politics: Ability and Ideology in the British Appellate Committee","authors":"Matias Iaryczower, Gabriel Katz","doi":"10.1093/JLEO/EWV009","DOIUrl":"https://doi.org/10.1093/JLEO/EWV009","url":null,"abstract":"We argue that a model of judicial behavior that accounts for differences in justices’ ability and ideology provides a fruitful alternative for the empirical analysis of judicial decision-making around the world, and illustrate this by focusing on the case of the United Kingdom. We show that the model explains the decisions of the Lords of Appeal remarkably well, and improves the fit of a purely ideological model. We use our estimates to tackle previously unaddressed questions about the relative role of justices’ preferences and ability in the Appellate Committee. (JEL C11, C13, D71, K40.)","PeriodicalId":47987,"journal":{"name":"Journal of Law Economics & Organization","volume":"5 1","pages":"61-93"},"PeriodicalIF":1.1,"publicationDate":"2016-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75529468","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 18
Three-party settlement bargaining with an insurer duty to settle: Structural model and evidence from malpractice claims 三方和解谈判与保险公司的责任解决:结构模型和证据从医疗事故索赔
IF 1.1 3区 社会学 Q3 ECONOMICS Pub Date : 2016-03-01 DOI: 10.1093/JLEO/EWV015
Kowsar Yousefi, Bernard Black
Prior efforts to specify and then empirically estimate structural models of the outcomes of tort lawsuits involve only two parties—plaintiff and defendant. We incorporate the defendant’s insurer and its "duty to settle" into a three-party settlement model. In medical malpractice cases, there is both anecdotal and quantitative evidence that policy limits and the insurer’s duty to settle are central parts of settlement bargaining. We estimate the model using a Texas database of closed, paid medical malpractice claims. Both the data and our model predict a mass of cases with a settlement offer by the plaintiff exactly at limits; a smaller but still sizeable mass of cases with payout exactly at limits (both in pre-trial settlements and after trial), and substantial haircuts (payout limits. In counterfactual analysis, we predict that, as duty-to-settle liability becomes stricter, there will be: more at-limits offers, fewer trials, fewer at-limits payments in tried cases, more insurer payments above limits, and smaller haircuts. (JEL K13, K41)
在此之前,对侵权诉讼结果的结构模型的具体描述和实证估计只涉及原告和被告两方。我们将被告的保险公司及其“结算义务”纳入一个三方结算模式。在医疗事故案件中,既有传闻证据,也有定量证据表明,政策限制和保险公司的和解义务是和解谈判的核心部分。我们使用德克萨斯州关闭的、支付的医疗事故索赔数据库来估计模型。数据和我们的模型都预测了大量的案件,原告提出的和解方案正好在限制范围内;数量较少但仍相当可观的案件,赔付金额正好达到上限(包括审前和解和审后和解),以及大幅减值(赔付上限)。在反事实分析中,我们预测,随着责任结算变得更加严格,将会有:更多的限价报价,更少的审判,更少的审判案件的限价付款,更多的保险公司超过限额的付款,以及更小的折价。(凝胶k13, k41)
{"title":"Three-party settlement bargaining with an insurer duty to settle: Structural model and evidence from malpractice claims","authors":"Kowsar Yousefi, Bernard Black","doi":"10.1093/JLEO/EWV015","DOIUrl":"https://doi.org/10.1093/JLEO/EWV015","url":null,"abstract":"Prior efforts to specify and then empirically estimate structural models of the outcomes of tort lawsuits involve only two parties—plaintiff and defendant. We incorporate the defendant’s insurer and its \"duty to settle\" into a three-party settlement model. In medical malpractice cases, there is both anecdotal and quantitative evidence that policy limits and the insurer’s duty to settle are central parts of settlement bargaining. We estimate the model using a Texas database of closed, paid medical malpractice claims. Both the data and our model predict a mass of cases with a settlement offer by the plaintiff exactly at limits; a smaller but still sizeable mass of cases with payout exactly at limits (both in pre-trial settlements and after trial), and substantial haircuts (payout limits. In counterfactual analysis, we predict that, as duty-to-settle liability becomes stricter, there will be: more at-limits offers, fewer trials, fewer at-limits payments in tried cases, more insurer payments above limits, and smaller haircuts. (JEL K13, K41)","PeriodicalId":47987,"journal":{"name":"Journal of Law Economics & Organization","volume":"49 1","pages":"180-212"},"PeriodicalIF":1.1,"publicationDate":"2016-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83072604","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 4
Trial and Error: Decision Reversal and Panel Size in State Courts 试错:州法院的判决逆转和陪审团规模
IF 1.1 3区 社会学 Q3 ECONOMICS Pub Date : 2016-03-01 DOI: 10.1093/JLEO/EWV007
Yosh Halberstam
Using cross-state and within-court variation, I show that lower court decisions are reversed more frequently by larger, rather than smaller, panels of high court judges. Overall, conditional on being reviewed, the probability that a case is reversed by a high court judicial panel is less than one half. To understand these findings, I develop a simple framework that connects reversals and panel size with the extent to which judicial decision-making is congruent with the law. Assuming the high court rules correctly more often than not, my empirical results suggest that increasing judicial panel size erodes the quality of decision-making in high courts. These results are consistent with a large literature investigating small group size effects on productivity and output. (JEL D02, D71, H41, K40)
通过使用跨州和法院内部的差异,我表明下级法院的判决更频繁地被较大的而不是较小的高等法院法官小组推翻。总的来说,在复审的条件下,高等法院司法小组推翻案件的可能性不到一半。为了理解这些发现,我开发了一个简单的框架,将撤销和小组规模与司法决策与法律一致的程度联系起来。假设高等法院的裁决往往是正确的,我的实证结果表明,增加司法小组的规模会侵蚀高等法院的决策质量。这些结果与大量研究小组规模对生产力和产出影响的文献一致。(凝胶d02, d71, h41, k40)
{"title":"Trial and Error: Decision Reversal and Panel Size in State Courts","authors":"Yosh Halberstam","doi":"10.1093/JLEO/EWV007","DOIUrl":"https://doi.org/10.1093/JLEO/EWV007","url":null,"abstract":"Using cross-state and within-court variation, I show that lower court decisions are reversed more frequently by larger, rather than smaller, panels of high court judges. Overall, conditional on being reviewed, the probability that a case is reversed by a high court judicial panel is less than one half. To understand these findings, I develop a simple framework that connects reversals and panel size with the extent to which judicial decision-making is congruent with the law. Assuming the high court rules correctly more often than not, my empirical results suggest that increasing judicial panel size erodes the quality of decision-making in high courts. These results are consistent with a large literature investigating small group size effects on productivity and output. (JEL D02, D71, H41, K40)","PeriodicalId":47987,"journal":{"name":"Journal of Law Economics & Organization","volume":"28 1","pages":"94-118"},"PeriodicalIF":1.1,"publicationDate":"2016-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83498381","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 8
Vetogates and American Public Law 否决与美国公法
IF 1.1 3区 社会学 Q3 ECONOMICS Pub Date : 2015-11-01 DOI: 10.1093/JLEO/EWS009
William N. Eskridge
In this article, I explore the ramifications of a vetogates model of the legislative process. The vetogates model focuses on the many points in the legislative process where proposed legislation can be stopped (vetoed). A political system where statutes must pass through a variety of filters, each motivated by somewhat different incentives and interests, is one where (1) statutes are hard to enact; (2) statutes that are enacted will tend to have compromises, logrolls, and delegations; and, (3) once enacted, statutes are hard to repeal. These consequences represent a significant cost of the vetogates model to our system of governance, but they also carry some potential benefits. I explore the ramifications of the vetogates model for legal doctrine. For example, the vetogates model supports judicial consultation of legislative history in statutory cases and suggests the virtue of deliberation-rewarding canons for judicial review of agency statutory interpretations.
在本文中,我将探讨立法程序否决模型的后果。否决模型关注立法过程中的许多点,在这些点上提议的立法可以被停止(否决)。在一个法律必须经过各种过滤器的政治体系中,每一个过滤器都有不同的动机和利益,在这个政治体系中,(1)法律很难颁布;(2)制定的法规往往会有妥协、协议和授权;(3)法规一旦颁布,就很难被废除。这些结果表明否决模式对我们的治理系统造成了巨大的成本,但它们也带来了一些潜在的好处。我将探讨否决模式对法律理论的影响。例如,否决模式支持在法定案件中对立法历史进行司法咨询,并提出了对机关法定解释进行司法审查的审议奖励准则的优点。
{"title":"Vetogates and American Public Law","authors":"William N. Eskridge","doi":"10.1093/JLEO/EWS009","DOIUrl":"https://doi.org/10.1093/JLEO/EWS009","url":null,"abstract":"In this article, I explore the ramifications of a vetogates model of the legislative process. The vetogates model focuses on the many points in the legislative process where proposed legislation can be stopped (vetoed). A political system where statutes must pass through a variety of filters, each motivated by somewhat different incentives and interests, is one where (1) statutes are hard to enact; (2) statutes that are enacted will tend to have compromises, logrolls, and delegations; and, (3) once enacted, statutes are hard to repeal. These consequences represent a significant cost of the vetogates model to our system of governance, but they also carry some potential benefits. I explore the ramifications of the vetogates model for legal doctrine. For example, the vetogates model supports judicial consultation of legislative history in statutory cases and suggests the virtue of deliberation-rewarding canons for judicial review of agency statutory interpretations.","PeriodicalId":47987,"journal":{"name":"Journal of Law Economics & Organization","volume":"38 1","pages":"756-781"},"PeriodicalIF":1.1,"publicationDate":"2015-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84801968","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 12
Interpreting Circuit Court Voting Patterns: A Social Interactions Framework 解读巡回法院投票模式:一个社会互动框架
IF 1.1 3区 社会学 Q3 ECONOMICS Pub Date : 2015-11-01 DOI: 10.1093/JLEO/EWS042
J. Fischman
Many empirical studies have found that circuit judges’ votes are significantly influenced by their panel colleagues. Although this influence is typically measured in terms of colleagues’ characteristics, this article argues that it is better understood as an effect of colleagues’ votes. Applying the latter interpretation, this article reanalyzes 11 prior studies of panel voting, as well as three novel data sets, and reveals the impact of colleagues’ votes to be strikingly uniform. In almost every type of case, each colleague’s vote increases the likelihood that a judge will vote in the same direction by roughly 40 percentage points. This result is consistent with a strong norm of consensus and can account for nearly all of the perceived impact of colleagues’ party, gender, and race. This finding raises questions about strategic and deliberative models of panel voting and helps clarify measurement issues regarding the relationship between judicial characteristics and voting behavior (JEL C31, K40).
许多实证研究发现,巡回法官的投票受到其小组同事的显著影响。虽然这种影响通常是根据同事的特点来衡量的,但本文认为,最好将其理解为同事投票的影响。采用后一种解释,本文重新分析了之前11项关于小组投票的研究,以及三个新的数据集,发现同事投票的影响是惊人的一致。在几乎所有类型的案件中,每一位同事的投票都会使法官投赞成票的可能性增加大约40个百分点。这一结果与强烈的共识规范是一致的,并且可以解释几乎所有同事的党派、性别和种族的感知影响。这一发现提出了关于小组投票的战略和审议模式的问题,并有助于澄清有关司法特征与投票行为之间关系的测量问题(JEL C31, K40)。
{"title":"Interpreting Circuit Court Voting Patterns: A Social Interactions Framework","authors":"J. Fischman","doi":"10.1093/JLEO/EWS042","DOIUrl":"https://doi.org/10.1093/JLEO/EWS042","url":null,"abstract":"Many empirical studies have found that circuit judges’ votes are significantly influenced by their panel colleagues. Although this influence is typically measured in terms of colleagues’ characteristics, this article argues that it is better understood as an effect of colleagues’ votes. Applying the latter interpretation, this article reanalyzes 11 prior studies of panel voting, as well as three novel data sets, and reveals the impact of colleagues’ votes to be strikingly uniform. In almost every type of case, each colleague’s vote increases the likelihood that a judge will vote in the same direction by roughly 40 percentage points. This result is consistent with a strong norm of consensus and can account for nearly all of the perceived impact of colleagues’ party, gender, and race. This finding raises questions about strategic and deliberative models of panel voting and helps clarify measurement issues regarding the relationship between judicial characteristics and voting behavior (JEL C31, K40).","PeriodicalId":47987,"journal":{"name":"Journal of Law Economics & Organization","volume":"116 1","pages":"808-842"},"PeriodicalIF":1.1,"publicationDate":"2015-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74684168","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 59
Becker Meets Ricardo: Multisector Matching with Communication and Cognitive Skills 贝克尔会见里卡多:沟通和认知技能的多部门匹配
IF 1.1 3区 社会学 Q3 ECONOMICS Pub Date : 2015-11-01 DOI: 10.1093/JLEO/EWV002
R. McCann, Xianwen Shi, A. Siow, R. Wolthoff
This article presents a tractable framework for studying frictionless matching in education and labor markets when individuals have heterogeneous communication and cognitive skills. In the model, there are gains to specialization and team production, but specialization requires communication and coordination between team members. Individuals accumulate cognitive skills in schools when young. As adults, they decide whether to work as a manager or a worker in a firm or become a teacher in a school. Individuals with more communication skills will become either managers or teachers and earn higher wages. Each manager manages several workers and each teacher teaches several students, with their span of control being determined by their communication skill. These individuals also invest discretely more in education than marginally different individuals who become workers. Equilibrium is equivalent to the solution of an utilitarian social planner solving a linear programming problem.
本文提出了一个易于处理的框架,用于研究个体具有异质沟通和认知技能时教育和劳动力市场中的无摩擦匹配。在这个模型中,专业化和团队生产是有好处的,但是专业化需要团队成员之间的沟通和协调。人们在年轻时就在学校里积累认知技能。作为成年人,他们决定是否工作作为一个经理或工人在公司或成为一名教师在一所学校。拥有更多沟通技巧的人将成为经理或教师,并获得更高的工资。每个经理管理几个工人,每个老师教几个学生,他们的控制范围由他们的沟通技巧决定。这些人在教育上的投资也比那些成为工人的略有不同的人更多。均衡等价于功利主义社会规划者解决线性规划问题。
{"title":"Becker Meets Ricardo: Multisector Matching with Communication and Cognitive Skills","authors":"R. McCann, Xianwen Shi, A. Siow, R. Wolthoff","doi":"10.1093/JLEO/EWV002","DOIUrl":"https://doi.org/10.1093/JLEO/EWV002","url":null,"abstract":"This article presents a tractable framework for studying frictionless matching in education and labor markets when individuals have heterogeneous communication and cognitive skills. In the model, there are gains to specialization and team production, but specialization requires communication and coordination between team members. Individuals accumulate cognitive skills in schools when young. As adults, they decide whether to work as a manager or a worker in a firm or become a teacher in a school. Individuals with more communication skills will become either managers or teachers and earn higher wages. Each manager manages several workers and each teacher teaches several students, with their span of control being determined by their communication skill. These individuals also invest discretely more in education than marginally different individuals who become workers. Equilibrium is equivalent to the solution of an utilitarian social planner solving a linear programming problem.","PeriodicalId":47987,"journal":{"name":"Journal of Law Economics & Organization","volume":"105 1","pages":"690-720"},"PeriodicalIF":1.1,"publicationDate":"2015-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76307197","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 21
Auditor Conservatism, Incentive Compensation, and the Quality of Financial Reporting 审计师稳健性、激励性薪酬与财务报告质量
IF 1.1 3区 社会学 Q3 ECONOMICS Pub Date : 2015-11-01 DOI: 10.1093/JLEO/EWV012
Ravi Singh, Ian Larkin
This paper examines how performance-based compensation for managers influences their reporting behavior and the resulting stance auditors take when deciding whether to certify a manager’s report. The paper makes endogenous the stance auditors take: with a more conservative stance, auditors are less likely to certify an inflated report, but are more likely to refuse to certify an accurate one. The auditor’s tradeoff between these two error types, and the resulting interplay with the level of performance-based pay for managers, play a critical role in determining the level of managerial misreporting, investor welfare, and a number of other key variables. The paper finds that (1) strengthening the link between pay and reported performance can result in a weaker link between pay and actual performance and, consequently, lower managerial effort; (2) conservatism among auditors improves performance measurement; and (3) raising penalties on managers for overstating earnings can reduce audit quality and harm investors, while raising penalties on auditors for certifying overstated results does not harm investors. (JEL D82, G30, G34, G38, K22, M40, M52)
本文考察了管理者的绩效薪酬如何影响他们的报告行为,以及审计师在决定是否认证管理者的报告时所采取的最终立场。本文将审计师采取的立场内生化:在更保守的立场下,审计师不太可能证明夸大的报告,但更有可能拒绝证明准确的报告。审计师在这两种错误类型之间的权衡,以及由此产生的与管理人员基于绩效的薪酬水平的相互作用,在决定管理层误报水平、投资者福利和许多其他关键变量方面发挥着关键作用。本文发现:(1)加强薪酬与报告绩效之间的联系会导致薪酬与实际绩效之间的联系减弱,从而降低管理层的努力;(2)审计师的稳健性改善了绩效衡量;(3)对夸大盈余的管理者提高处罚会降低审计质量,损害投资者利益,而对证明夸大业绩的审计师提高处罚不会损害投资者利益。(凝胶d82, g30, g34, g38, k22, m40, m52)
{"title":"Auditor Conservatism, Incentive Compensation, and the Quality of Financial Reporting","authors":"Ravi Singh, Ian Larkin","doi":"10.1093/JLEO/EWV012","DOIUrl":"https://doi.org/10.1093/JLEO/EWV012","url":null,"abstract":"This paper examines how performance-based compensation for managers influences their reporting behavior and the resulting stance auditors take when deciding whether to certify a manager’s report. The paper makes endogenous the stance auditors take: with a more conservative stance, auditors are less likely to certify an inflated report, but are more likely to refuse to certify an accurate one. The auditor’s tradeoff between these two error types, and the resulting interplay with the level of performance-based pay for managers, play a critical role in determining the level of managerial misreporting, investor welfare, and a number of other key variables. The paper finds that (1) strengthening the link between pay and reported performance can result in a weaker link between pay and actual performance and, consequently, lower managerial effort; (2) conservatism among auditors improves performance measurement; and (3) raising penalties on managers for overstating earnings can reduce audit quality and harm investors, while raising penalties on auditors for certifying overstated results does not harm investors. (JEL D82, G30, G34, G38, K22, M40, M52)","PeriodicalId":47987,"journal":{"name":"Journal of Law Economics & Organization","volume":"37 1","pages":"721-751"},"PeriodicalIF":1.1,"publicationDate":"2015-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82472955","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 5
Introduction to “25 Years of Law and Positive Political Theory: Past, Present and the Future” 《法律与实证政治理论25年:过去、现在与未来》导言
IF 1.1 3区 社会学 Q3 ECONOMICS Pub Date : 2015-11-01 DOI: 10.1093/JLEO/EWV024
Daniel B. Rodriguez, Emerson H. Tiller
{"title":"Introduction to “25 Years of Law and Positive Political Theory: Past, Present and the Future”","authors":"Daniel B. Rodriguez, Emerson H. Tiller","doi":"10.1093/JLEO/EWV024","DOIUrl":"https://doi.org/10.1093/JLEO/EWV024","url":null,"abstract":"","PeriodicalId":47987,"journal":{"name":"Journal of Law Economics & Organization","volume":"14 1","pages":"752-755"},"PeriodicalIF":1.1,"publicationDate":"2015-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79798899","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
A Model of Judicial Influence on Congressional Policy Making: Grove City College v. Bell 司法对国会决策的影响模式:格罗夫城市学院诉贝尔案
IF 1.1 3区 社会学 Q3 ECONOMICS Pub Date : 2015-11-01 DOI: 10.1093/JLEO/EWS010
Brian A. Marks
Traditional law and economic analysis has focused on legal rules directly related to the allocation of resources. Today, economic analysis is being used to examine more traditional legal issues. This article explores one such traditional legal issue by applying economic methodology to the legislative-judicial interaction or "bargaining game." The purpose of this article is to determine the impact of judicial interpretation on regulatory legislation. Most studies of the political economy of regulation have focused on elected politicians (e.g., Congressmen), ignoring the role of the courts. Yet, judges interpret the law and may, in the extreme, reverse legislative decisions. Studying the influence of the judiciary on the legislature’s regulatory decisions remains an unexplored but important issue. The model allows us to address a variety of issues central to national policy making, for example, how the court influences legislative choices. We focus on an issue raised in the legal literature and in judicial opinions. Suppose a regulatory statute has been altered or reinterpreted by the courts, and we then observe that Congress does not act to change the court ruling. What can we infer from this lack of action? Many prominent political and legal scholars conclude that this inaction indicates acceptability by a majority of legislators. Because there exists no analytical foundation for assessing how judicial decisions affect legislative decision making over regulatory issues, however, such conclusions rest on questionable assumptions. The purpose of this article is to develop a formal economic model of legislative-judicial interaction. The model allows us to predict the circumstances in which Congress will and will not change judicial decisions. The model shows that congressional inaction is not a sign of acceptability by a majority of legislators. Instead, congressional inaction is a consequence of congressional structure and procedures: committees play an important role here, as does bicameralism. This model will be used to explore and explain the legislative events surrounding the Supreme Court decision Grove City College v. Bell (1984), a case involving statutory interpretation and the Department of Education’s regulatory provisions prohibiting sex discrimination. (JEL D72, D78, K00, K40, Z18)
传统的法律和经济分析侧重于与资源配置直接相关的法律规则。今天,经济分析被用来研究更传统的法律问题。本文通过运用经济学方法研究立法-司法互动或“议价博弈”,探讨了这样一个传统的法律问题。本文的目的是确定司法解释对监管立法的影响。大多数关于监管政治经济学的研究都集中在民选政治家(如国会议员)身上,而忽视了法院的作用。然而,法官解释法律,并可能在极端情况下推翻立法决定。研究司法机构对立法机构监管决定的影响仍然是一个尚未探索但重要的问题。该模型使我们能够解决国家政策制定的各种核心问题,例如,法院如何影响立法选择。我们关注的是法律文献和司法意见中提出的一个问题。假设监管法规被法院修改或重新解释,然后我们观察到国会没有采取行动改变法院的裁决。从这种缺乏行动中我们可以推断出什么?许多著名的政治和法律学者得出结论,这种不作为表明大多数立法者可以接受。然而,由于没有分析基础来评估司法决定如何影响对监管问题的立法决策,因此这些结论建立在可疑的假设之上。本文的目的是建立一个正式的立法-司法互动的经济模型。该模型使我们能够预测国会将会或不会改变司法决定的情况。该模型表明,国会不作为并不是大多数立法者可以接受的标志。相反,国会的不作为是国会结构和程序的结果:委员会在这里发挥着重要作用,两院制也是如此。该模型将用于探讨和解释围绕最高法院判决Grove City College v. Bell(1984)的立法事件,该案件涉及法律解释和教育部禁止性别歧视的监管规定。(凝胶d72, d78, k00, k40, z18)
{"title":"A Model of Judicial Influence on Congressional Policy Making: Grove City College v. Bell","authors":"Brian A. Marks","doi":"10.1093/JLEO/EWS010","DOIUrl":"https://doi.org/10.1093/JLEO/EWS010","url":null,"abstract":"Traditional law and economic analysis has focused on legal rules directly related to the allocation of resources. Today, economic analysis is being used to examine more traditional legal issues. This article explores one such traditional legal issue by applying economic methodology to the legislative-judicial interaction or \"bargaining game.\" The purpose of this article is to determine the impact of judicial interpretation on regulatory legislation. Most studies of the political economy of regulation have focused on elected politicians (e.g., Congressmen), ignoring the role of the courts. Yet, judges interpret the law and may, in the extreme, reverse legislative decisions. Studying the influence of the judiciary on the legislature’s regulatory decisions remains an unexplored but important issue. The model allows us to address a variety of issues central to national policy making, for example, how the court influences legislative choices. We focus on an issue raised in the legal literature and in judicial opinions. Suppose a regulatory statute has been altered or reinterpreted by the courts, and we then observe that Congress does not act to change the court ruling. What can we infer from this lack of action? Many prominent political and legal scholars conclude that this inaction indicates acceptability by a majority of legislators. Because there exists no analytical foundation for assessing how judicial decisions affect legislative decision making over regulatory issues, however, such conclusions rest on questionable assumptions. The purpose of this article is to develop a formal economic model of legislative-judicial interaction. The model allows us to predict the circumstances in which Congress will and will not change judicial decisions. The model shows that congressional inaction is not a sign of acceptability by a majority of legislators. Instead, congressional inaction is a consequence of congressional structure and procedures: committees play an important role here, as does bicameralism. This model will be used to explore and explain the legislative events surrounding the Supreme Court decision Grove City College v. Bell (1984), a case involving statutory interpretation and the Department of Education’s regulatory provisions prohibiting sex discrimination. (JEL D72, D78, K00, K40, Z18)","PeriodicalId":47987,"journal":{"name":"Journal of Law Economics & Organization","volume":"16 1","pages":"843-875"},"PeriodicalIF":1.1,"publicationDate":"2015-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89148264","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 25
期刊
Journal of Law Economics & Organization
全部 Acc. Chem. Res. ACS Applied Bio Materials ACS Appl. Electron. Mater. ACS Appl. Energy Mater. ACS Appl. Mater. Interfaces ACS Appl. Nano Mater. ACS Appl. Polym. Mater. ACS BIOMATER-SCI ENG ACS Catal. ACS Cent. Sci. ACS Chem. Biol. ACS Chemical Health & Safety ACS Chem. Neurosci. ACS Comb. Sci. ACS Earth Space Chem. ACS Energy Lett. ACS Infect. Dis. ACS Macro Lett. ACS Mater. Lett. ACS Med. Chem. Lett. ACS Nano ACS Omega ACS Photonics ACS Sens. ACS Sustainable Chem. Eng. ACS Synth. Biol. Anal. Chem. BIOCHEMISTRY-US Bioconjugate Chem. BIOMACROMOLECULES Chem. Res. Toxicol. Chem. Rev. Chem. Mater. CRYST GROWTH DES ENERG FUEL Environ. Sci. Technol. Environ. Sci. Technol. Lett. Eur. J. Inorg. Chem. IND ENG CHEM RES Inorg. Chem. J. Agric. Food. Chem. J. Chem. Eng. Data J. Chem. Educ. J. Chem. Inf. Model. J. Chem. Theory Comput. J. Med. Chem. J. Nat. Prod. J PROTEOME RES J. Am. Chem. Soc. LANGMUIR MACROMOLECULES Mol. Pharmaceutics Nano Lett. Org. Lett. ORG PROCESS RES DEV ORGANOMETALLICS J. Org. Chem. J. Phys. Chem. J. Phys. Chem. A J. Phys. Chem. B J. Phys. Chem. C J. Phys. Chem. Lett. Analyst Anal. Methods Biomater. Sci. Catal. Sci. Technol. Chem. Commun. Chem. Soc. Rev. CHEM EDUC RES PRACT CRYSTENGCOMM Dalton Trans. Energy Environ. Sci. ENVIRON SCI-NANO ENVIRON SCI-PROC IMP ENVIRON SCI-WAT RES Faraday Discuss. Food Funct. Green Chem. Inorg. Chem. Front. Integr. Biol. J. Anal. At. Spectrom. J. Mater. Chem. A J. Mater. Chem. B J. Mater. Chem. C Lab Chip Mater. Chem. Front. Mater. Horiz. MEDCHEMCOMM Metallomics Mol. Biosyst. Mol. Syst. Des. Eng. Nanoscale Nanoscale Horiz. Nat. Prod. Rep. New J. Chem. Org. Biomol. Chem. Org. Chem. Front. PHOTOCH PHOTOBIO SCI PCCP Polym. Chem.
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
0
微信
客服QQ
Book学术公众号 扫码关注我们
反馈
×
意见反馈
请填写您的意见或建议
请填写您的手机或邮箱
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
Book学术官方微信
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术
文献互助 智能选刊 最新文献 互助须知 联系我们:info@booksci.cn
Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。
Copyright © 2023 Book学术 All rights reserved.
ghs 京公网安备 11010802042870号 京ICP备2023020795号-1