Does Experience Make You ‘Tougher’? Evidence from Competition Law
利用英国竞争法调查数据，研究发现调查委员会主席的经验显著增加判定企业有罪的概率，平均经验水平的主席比无经验者使有罪概率提高约30%。
This article investigates experience effects for public officials. Using a unique data set of companies investigated under UK competition law, we find very strong experience effects for chairmen of investigation panels, estimated from the increase in experience of individual chairman. Probit and IV probit regressions indicate that replacing an inexperienced chairman with one of average experience increases the probability of a ‘guilty’ outcome by approximately 30% and, after chairing around 30 cases, a chairman is predicted to find almost every case guilty.