Accuracy in the Determination of Liability

Louis Kaplow and Steven Shavell ()

No 4203, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Many legal rules, notably rules of procedure and evidence, are concerned with achieving accuracy in the outcome of adjudication. In this article, we study accuracy in the conventional model of law enforcement. We consider why reducing error in determining liability is socially valuable and how error and its reduction affect the optimal probability and magnitude of sanctions.

Date: 1992-10
Note: LE
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Published as Journal of Law and Economics, Vol. XXXVII, pp. 1-15, (April 1994).

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Journal Article: Accuracy in the Determination of Liability (1994)
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