A Formalization and Extension of the Priest-Klein Hypothesis
Keith N. Hylton
Boston University - School of Law
Indiana University - Kelley School of Business - Department of Business Economics & Public Policy
April 14, 2011
Boston Univ. School of Law, Law and Economics Research Paper No. 11-28
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, K49working papers series
Date posted: June 15, 2011 ; Last revised: May 13, 2014
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