Trust in the shadow of the courts if judges are no better

Geoffrey Brennan, Werner Güth & Hartmut Kliemt
Can a court system conceivably control opportunistic behavior if judges are selected from the same population as ordinary citizens and thus are no better than "the rest of us"? This paper provides a new and, as we claim, quite profound "rational choice" answer to that unsolved riddle. Adopting an indirect evolutionary approach with endogenous preference formation the complex interactions between "moral" intrinsic motivation to behave non-opportunistically and extrinsic "formal" controls of opportunism are analysed. Under...
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