A Formalization and Extension of the Priest-Klein Hypothesis

35 Pages Posted: 15 Jun 2011 Last revised: 13 May 2014

Keith N. Hylton

Boston University - School of Law

Haizhen Lin

Indiana University - Kelley School of Business - Department of Business Economics & Public Policy

Date Written: April 14, 2011

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.

Keywords: Trial Selection Process, Priest-Klein Hypothesis

JEL Classification: D79, K00, K41, K49

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

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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