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Iaryczower, Matias, and
Matthew Shum. 2012. "The Value of Information in the Court: Get It Right, Keep It Tight."
,
102(1): 202-37.
Show Article Details
DOI: 10.1257/aer.102.1.202
Abstract:We estimate an equilibrium model of decision making in the US Supreme Court that takes into account both private information and ideological differences between justices. We measure the value
of information in the court by the probability that a justice votes differently from how she would have voted without case-specific information. Our results suggest a sizable value of information: in 44 percent of cases, justices' initial leanings are changed by their personal assessments of the case. Our results also confirm the increased politicization of the Supreme Court in the last quarter century. Counterfactual simulations provide implications for institutional design. (JEL D72, D82, D83, K10)
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Authors:
Iaryczower, Matias (Princeton U)
Shum, Matthew (CA Institute of Technology)
JEL Classifications:
D72: Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
D82: Asymmetric and Private Information
D83: Search; Learning; Information and Knowledge; Communication; Belief
K10: Basic Areas of Law: General (Constitutional Law)
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