Now showing items 1-7 of 7

    • Competition for Attention 

      Bordalo, Pedro; Gennaioli, Nicola; Shleifer, Andrei (National Bureau of Economic Research, 2013)
      We present a model of market competition and product differentiation in which consumers' attention is drawn to the products' most salient attributes. Firms compete for consumer attention via their choices of quality and ...
    • The Evolution of Common Law 

      Gennaioli, Nicola; Shleifer, Andrei (University of Chicago Press, 2007)
      We present a model of lawmaking by appellate courts in which judges influenced by policy preferences can distinguish precedents at some cost. We find a cost and a benefit of diversity of judicial views. Policy‐motivated ...
    • Growth in Regions 

      Gennaioli, Nicola; La Porta, Rafael; Lopez De Silanes, Florencio; Shleifer, Andrei (National Bureau of Economic Research, 2013)
      We use a newly assembled sample of 1,503 regions from 82 countries to compare the speed of per capita income convergence within and across countries. Regional growth is shaped by similar factors as national growth, such ...
    • Judicial Fact Discretion 

      Gennaioli, Nicola; Shleifer, Andrei (University of Chicago Press, 2008)
      Following legal realists, we model the causes and consequences of trial judges exercising discretion in finding facts in a trial. We identify two motivations for the exercise of such discretion: judicial policy preferences ...
    • A Model of Shadow Banking 

      Gennaioli, Nicola; Shleifer, Andrei; Vishny, Robert W. (Wiley Blackwell (Blackwell Publishing), 2013)
      We present a model of shadow banking in which banks originate and trade loans, assemble them into diversified portfolios, and finance these portfolios externally with riskless debt. In this model: outside investor wealth ...
    • Overruling and the instability of law 

      Gennaioli, Nicola; Shleifer, Andrei (Elsevier BV, 2007)
      We investigate the evolution of common law under overruling, a system of precedent change in which appellate courts replace existing legal rules with new ones. We use a legal realist model, in which judges change the law ...
    • Stereotypes 

      Da costa santos bordalo, Pedro Maria; Gennaioli, Nicola; Shleifer, Andrei (2014)
      We present a model of stereotypes in which a decision maker assessing a group recalls only that group’s most representative or distinctive types. Stereotypes highlight differences between groups, and are especially inaccurate ...