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This paper analyzes the incentive properties of the standard and burden of proof for a finding of negligence, when evidence is imperfect and rests with the parties. We show that the "preponderance of evidence" standard provides maximal incentives to exert care. This holds even though litigants...
Persistent link: https://ebvufind01.dmz1.zbw.eu/10001689146
Persistent link: https://ebvufind01.dmz1.zbw.eu/10003328122
Persistent link: https://ebvufind01.dmz1.zbw.eu/10003606469
Persistent link: https://ebvufind01.dmz1.zbw.eu/10003498654
Persistent link: https://ebvufind01.dmz1.zbw.eu/10003713133
This paper analyzes the incentive properties of the standard and burden of proof for a finding of negligence, when evidence is imperfect and rests with the parties. We show that the preponderance of evidence' standard provides maximal incentives to exert care. This holds even though litigants...
Persistent link: https://ebvufind01.dmz1.zbw.eu/10011409967
This paper analyzes the incentive properties of the standard and burden of proof for a finding of negligence, when evidence is imperfect and rests with the parties. We show that the "preponderance of evidence" standard provides maximal incentives to exert care. This holds even though litigants...
Persistent link: https://ebvufind01.dmz1.zbw.eu/10013320509
We analyze the design of legal principles and procedures for court decision-making in civil litigation. The objective is the provision of appropriate incentives for potential tort-feasors to exert care, when evidence about care is imperfect and may be distorted by the parties. Efficiency is...
Persistent link: https://ebvufind01.dmz1.zbw.eu/10014055375
We analyze the design of legal principles and procedures for court decision-making in civil litigation. The objective is the provision of appropriate incentives for potential tort-feasors to exert care, when evidence about care is imperfect and may be distorted by the parties. Efficiency is...
Persistent link: https://ebvufind01.dmz1.zbw.eu/10010273769
An arbiter can decide a case on the basis of his priors or he can ask for further evidence from the two parties to the conflict. The parties may misrepresent evidence in their favor at a cost. The arbiter is concerned about accuracy and low procedural costs. When both parties testify, each of...
Persistent link: https://ebvufind01.dmz1.zbw.eu/10014052799