Accuracy in the Determination of Liability

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.

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Year of publication:	1992-10
Authors:	Kaplow, Louis ; Shavell, Steven
Institutions:	National Bureau of Economic Research (NBER)

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Extent:	application/pdf
Series:	NBER Working Papers.
Type of publication:	Book / Working Paper
Notes:	LE published as Journal of Law and Economics, Vol. XXXVII, pp. 1-15, (April 1994). Number 4203
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005575542