Coordination and Innovation in Judiciaries: Correct Law vs. Consistent Law

Shadmehr, Mehdi; Cameron, Charles M.; Shahshahani, Sepehr

doi:10.2139/ssrn.3148866

“…Hellwig and Veldkamp, 2009;Angeletos and La, 2010;Benhabib et al, 2015), demand function competition (Vives, 1988(Vives, , 2017, to political economy (e.g. Shadmehr et al, 2018).…”

Section: Related Literaturementioning

confidence: 99%

Acquisition, (Mis)use and Dissemination of Information: The Blessing of Cursedness and Transparency

Ostrizek

¹

,

Sartori

²

2021

SSRN Journal

0

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“…Subsequent literature explored the welfare consequences of this insight and its implications for optimal communication (Morris and Shin 2007;Angeletos and Pavan 2007), as well as its extensions to dynamic settings (Morris and Shin 2006;Angeletos and La'O 2010;Huo and Pedroni 2020). This framework has been applied to study a wide range of topics from monetary policy (Lorenzoni 2010) to leadership in party conferences (Dewan and Myatt 2007), organizations (Bolton et al 2013), and judiciaries (Shadmehr et al 2019). Our paper provides an application in disease control and public health policy.…”

mentioning

confidence: 99%

Coordination and Social Distancing: Inertia in the Aggregate Response to COVID-19

Shadmehr¹,

Mesquita²

2020

Self Cite

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Social distancing-which is critical for mitigating the spread of COVID-19-has been slow and inadequate. Applying the literature on beauty contest models, we show: (1) When a new and rare virus, like COVID-19, emerges, the aggregate level of social distancing has inherent inertia; (2) Clear national public statements are essential in reducing that inertia and adjusting the public's behavior to the new, optimal level of social distancing; (3) National communication is better than local communication when optimal social distancing levels are highly correlated over-time and when individuals are poorly-informed.

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“…Subsequent literature explored the welfare consequences of this insight and its implications for optimal communication (Morris and Shin 2007;Angeletos and Pavan 2007), as well as its extensions to dynamic settings (Morris and Shin 2006;Angeletos and La'O 2010;Huo and Pedroni 2020). This framework has been applied to study a wide range of topics from monetary policy (Lorenzoni 2010) to leadership in party conferences (Dewan and Myatt 2007), organizations (Bolton et al 2013), and judiciaries (Shadmehr et al 2019). Our paper provides an application in disease control and public health policy.…”

mentioning

confidence: 99%

Coordination and Social Distancing: Inertia in the Aggregate Response to COVID-19

Shadmehr

¹

,

Mesquita

²

2020

SSRN Journal

Self Cite

5

0

View full text Add to dashboard Cite

Social distancing-which is critical for mitigating the spread of COVID-19-has been slow and inadequate. Applying the literature on beauty contest models, we show: (1) When a new and rare virus, like COVID-19, emerges, the aggregate level of social distancing has inherent inertia; (2) Clear national public statements are essential in reducing that inertia and adjusting the public's behavior to the new, optimal level of social distancing; (3) National communication is better than local communication when optimal social distancing levels are highly correlated overtime and when individuals are poorly-informed.

show abstract

Coordination and Innovation in Judiciaries: Correct Law vs. Consistent Law

Cited by 3 publications

References 32 publications

Acquisition, (Mis)use and Dissemination of Information: The Blessing of Cursedness and Transparency

Acquisition, (Mis)use and Dissemination of Information: The Blessing of Cursedness and Transparency

Coordination and Social Distancing: Inertia in the Aggregate Response to COVID-19

Coordination and Social Distancing: Inertia in the Aggregate Response to COVID-19

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