Accuracy versus Falsification Costs: The optimal Amount of Evidence under different Procedures

Diskussionsschriften from Universitaet Bern, Departement Volkswirtschaft

Abstract: An arbiter can decide a case on the basis of his priors or he can ask for further evidence from the two parties to the conflict. The parties may misrepresent evidence in their favor at a cost. The arbiter is concerned about accuracy and low procedural costs. When both parties testify, each of them distorts the evidence less than when they testify alone. When the fixed cost of testifying is low, the arbiter hears both, for intermediate values one, and for high values no party at all. The arbiter's ability to remain uninformed as well as sequential testifying makes it more likely that the arbiter requires evidence.

Keywords: evidence production; procedure; costly state falsification; adversarial; inquisitorial (search for similar items in EconPapers)
JEL-codes: D82 K41 K42 (search for similar items in EconPapers)
Date: 2007-01
New Economics Papers: this item is included in nep-law
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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Related works:
Journal Article: Accuracy Versus Falsification Costs: The Optimal Amount of Evidence under Different Procedures (2009)
Working Paper: Accuracy versus Falsification Costs: The Optimal Amount of Evidence under Different Procedures (2007)
Working Paper: Accuracy versus Falsification Costs: the Optimal Amount of Evidence under Different Procedures (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:ube:dpvwib:dp0702

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