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evidence. The parties may misrepresent evidence in their favor at a cost. At equilibrium the two parties never testify together …
Persistent link: https://www.econbiz.de/10014178338
conflict. The parties may misrepresent evidence in their favor at a cost. The arbiter is concerned about accuracy and low … cost of testifying is low, the arbiter hears both, for intermediate values one, and for high values no party at all. The …
Persistent link: https://www.econbiz.de/10014052799