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Private antitrust litigation often involves a dominant firm being accused of exclusionary conduct by a smaller rival. In such cases, the defendant generally has a much larger financial stake in the outcome. We explore the implications of this asymmetry in a model of litigation with endogenous...
Persistent link: https://www.econbiz.de/10012838366
We provide a simple framework in which the level of adversarial bias is endogenously determined in a litigation process. Using this model, we study the effect of using a court-appointed expert on the level of adversarial bias and the average error rates, and find an interesting trade-off:...
Persistent link: https://www.econbiz.de/10012912049
Concerned about evidence distortion arising from litigants' strong incentive to misrepresent information to fact-finders, legal scholars and commentators have long suggested that the court appoint its own advisor for a neutral piece of information about the dispute. This paper studies the...
Persistent link: https://www.econbiz.de/10012936172
willing to consult an expert even when the judge is reluctant to appoint her own experts due to high costs. On the other hand …
Persistent link: https://www.econbiz.de/10012936278
Complex wage and hour litigation often involves an enormous amount of time records, payroll data, and other related information. Sorting and analyzing the mountain of data from numerous sources can be a colossal and convoluted task. To add to it, there may be gaps of missing employment...
Persistent link: https://www.econbiz.de/10012861652
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Persistent link: https://www.econbiz.de/10011737181
Economists regularly appear as expert witnesses in antitrust litigations. The paper analyzes how their models and … Daubert decision. Some tentative explanations for the economists' troubles when facing a Daubert challenge in antitrust cases …
Persistent link: https://www.econbiz.de/10012945840
Given an increasing presence in the public sphere, what role do economic experts play in shaping public opinion on … information regarding the distribution of opinion on these issues among economists. We also examine the extent and role of trust … in economists within the public. On average, we find meaningful changes in public opinion in the direction of expert …
Persistent link: https://www.econbiz.de/10013049266
The 1933 “Mock Trial of the Economists” is occasionally noticed and then interpreted as popular discontent with … economists's “crime” of “conspiracy to spread mental fog” at evidenced by the dueling letters from the Oxbridge economists … (Keynes, Pigou, et al.) and the LSE economists (Hayek, Robbins et al.) From William Beveridge's archives we provide the …
Persistent link: https://www.econbiz.de/10013060248