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Models of Evidence: Survey and AssessmentChris William SanchiricoUniversity of Pennsylvania Law School; University of Pennsylvania Wharton School - Business Economics and Public Policy Department; Urban-Brookings Tax Policy Center November 5, 2010 University of Pennsylvania Institute for Law & Economics Research Paper No. 10-28 Abstract: 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 working papers seriesDate posted: November 7, 2010 ; Last revised: June 20, 2011Suggested CitationContact Information
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