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A Formalization and Extension of the Priest-Klein Hypothesis


Keith N. Hylton


Boston University - School of Law

Haizhen Lin


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

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

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Date posted: June 15, 2011 ; Last revised: May 13, 2014

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: http://ssrn.com/abstract=1864728 or http://dx.doi.org/10.2139/ssrn.1864728

Contact Information

Keith N. Hylton (Contact Author)
Boston University - School of Law ( email )
765 Commonwealth Avenue
Boston, MA 02215
United States
617-353-8959 (Phone)
617-353-3077 (Fax)
Haizhen Lin
Indiana University - Kelley School of Business - Department of Business Economics & Public Policy ( email )
Bloomington, IN 47405
United States

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