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A Formalization and Extension of the Priest-Klein HypothesisKeith N. HyltonBoston University Haizhen LinIndiana University April 14, 2011 Boston Univ. School of Law, Law and Economics Research Paper No. 11-28 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.
Number of Pages in PDF File: 35 Keywords: Trial Selection Process, Priest-Klein Hypothesis JEL Classification: D79, K00, K41, K49 working papers seriesDate posted: June 15, 2011 ; Last revised: September 7, 2012Suggested Citation |
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