Models of Evidence: Survey and Assessment
Chris William Sanchirico
University of Pennsylvania Law School; University of Pennsylvania Wharton School - Business Economics and Public Policy Department
November 5, 2010
University of Pennsylvania Institute for Law & Economics Research Paper No. 10-28
This survey identifies and reviews the main approaches to modeling legal evidence: pure probabilistic deduction, the omission model, endogenous cost signaling, and correlated private information. The central mechanic of each approach is described and applications are provided. Approaches are evaluated and compared. Attempts to combine approaches are also examined.
Number of Pages in PDF File: 61
Keywords: Litigation, Evidence, Game Theory and Evidence, Information Economics and Evidence, Asymmetric Information and Evidence, Verifiability, Provability, Partial Provability, Signaling and Evidence, Endogenous Cost Signaling, Correlated Private Information, Correlated Types
JEL Classification: K40, K41
Date posted: November 7, 2010 ; Last revised: June 20, 2011
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