JUDICIAL LEGITIMACY AS A REPEATED GAME

Authors
Citation
E. Rasmusen, JUDICIAL LEGITIMACY AS A REPEATED GAME, Journal of law, economics, & organization, 10(1), 1994, pp. 63-83
Citations number
39
Categorie Soggetti
Law,Economics
ISSN journal
87566222
Volume
10
Issue
1
Year of publication
1994
Pages
63 - 83
Database
ISI
SICI code
8756-6222(1994)10:1<63:JLAARG>2.0.ZU;2-M
Abstract
An independent judiciary faces the problem of how to restrain high-cou rt judges from indulging their personal whims. One restraint is the de sire of judges to influence future judges. To do so, judges may have t o maintain their own or the system's legitimacy by restraining their o wn behavior, This situation can be viewed as an equilibrium of an infi nitely repeated game. Such a game has many equilibria, some of which a re Pareto superior to others. In some equilibria, self-interested judg es are responsible even without the threat of external penalties.