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Indiana University Bloomington

BEPP

The Kelley Advantage

The department is home to the authors of Managerial Economics and Business Strategy and Games and Information: An Introduction to Game Theory, two of the nation’s leading textbooks in the field.

Research and Publications

Journal Articles

Judicial Legitimacy: An Interpretation as a Repeated Game

1994, The Journal of Law

Eric Bennett Rasmusen

Abstract

If society wishes to maintain an independent judiciary, it faces the problem of how to restrain judges from indulging their personal whims. One restraint is the desire of judges to influence future judges. To do so, they may have to maintain their own or the system's legitimacy by restraining their own behavior. This situation is usefully viewed as an equilibrium of an infinitely repeated game.

Citation

Rasmusen, Eric Bennett (1994), "Judicial Legitimacy: An Interpretation as a Repeated Game," The Journal of Law, Economics, and Organization, Vol. 10, April, 63-83. (105).