The Dynamics of Law Clerk Matching: An Experimental and Computational Investigation of Proposals for Reform of the Market
Ernan Haruvy (),
Alvin Roth () and
Utku Unver ()
Experimental from University Library of Munich, Germany
In September of 1998, the Judicial Conference of the United States abandoned as unsuccessful the attempt—the sixth since 1978—to regulate the dates at which law students are hired as clerks by Federal appellate judges. The market promptly resumed the unraveling of appointment dates that had been temporarily slowed by these efforts. In the academic year 1999-2000 many judges hired clerks in the fall of the second year of law school, almost two years before employment would begin, and before hardly any information about candidates other than first year grades was available. Hiring dates moved still earlier in the Fall of 2000 and 2001. The present paper explores proposed reforms of the market, experimentally in the laboratory, and computationally using genetic algorithms. Our results suggest that some of the special features of the judge/law-clerk market—in particular the feeling among many students and judges that students must accept offers when they are made--present obstacles to the success of the proposed reforms, including the latest reform proposed by the judges, in March 2002, which is a one year moratorium on clerkship hiring. Unlike many markets in which the inability to make binding contracts contributes to market failure, in the law clerk market it is the ease with which binding contracts are forged that harms efficiency.
JEL-codes: C8 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cmp and nep-exp
Note: Type of Document - pdf
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10) Track citations by RSS feed
Downloads: (external link)
Journal Article: The dynamics of law clerk matching: An experimental and computational investigation of proposals for reform of the market (2006)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpex:0404001
Access Statistics for this paper
More papers in Experimental from University Library of Munich, Germany
Bibliographic data for series maintained by EconWPA ().