A Formalization and Extension of the Priest-Klein Hypothesis

Hylton, Keith N.; Lin, Haizhen

doi:10.2139/ssrn.1864728

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A Formalization and Extension of the Priest-Klein Hypothesis

Boston Univ. School of Law, Law and Economics Research Paper No. 11-28

35 Pages Posted: 15 Jun 2011 Last revised: 13 May 2014

See all articles by Keith N. Hylton

Haizhen Lin

Indiana University - Kelley School of Business - Department of Business Economics & Public Policy

Date Written: April 14, 2011

Abstract

This paper provides a formal model of the Priest-Klein trial selection hypothesis, and extends the hypothesis as well. We derive the conditions under which the hypothesis is valid, and examine implications for the relationship between trial outcome uncertainty and litigation.

Keywords: Trial Selection Process, Priest-Klein Hypothesis

JEL Classification: D79, K00, K41, K49

Suggested Citation: Suggested Citation

Hylton, Keith N. and Lin, Haizhen, A Formalization and Extension of the Priest-Klein Hypothesis (April 14, 2011). Boston Univ. School of Law, Law and Economics Research Paper No. 11-28, Available at SSRN: https://ssrn.com/abstract=1864728 or http://dx.doi.org/10.2139/ssrn.1864728