Individual skill
jleo-theory-model
Use when building or sharpening the formal model for a Journal of Law, Economics, and Organization (JLEO) manuscript — transaction-cost, incomplete-contracts / property-rights, principal-agent, or political-agency models of institutions and organizations. Right-sizes and disciplines the model; it does not run the empirics (jleo-identification, jleo-robustness).
Journal-of-Law-Economics-and-Organization-Skills/skills/jleo-theory-model/SKILL.md
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# Theory & Model Craft (jleo-theory-model)
## When to trigger
- A verbal institutional argument needs to be formalized into testable predictions
- A formal model exists but its assumptions or comparative statics are not tied to the institution it describes
- A referee asks "what is the model actually adding beyond the intuition?"
- The paper is a pure-theory JLEO submission and must deliver a sharp, novel institutional mechanism
- An empirical paper needs a minimal model to define the estimand and generate the sign predictions it tests
## The JLEO modeling tradition
JLEO is unusual in welcoming both **standalone formal theory** and **empirical work disciplined by a model**, but in both cases the model must be a *model of an institution or organization*, in one of the house lineages:
