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Acknowledgements
I am grateful to John Harrison and Andrei Shleifer for comments.
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Mahoney, P.G. Andrei Shleifer: The failure of judges and the rise of regulators. Public Choice 153, 515–517 (2012). https://doi.org/10.1007/s11127-012-0018-x
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DOI: https://doi.org/10.1007/s11127-012-0018-x