Mungan, Murat C. - In: Journal of Institutional and Theoretical Economics (JITE) 167 (2011) 2, pp. 352-370
This paper contributes to the interpretation of the standard of proof in criminal trials in two ways. First, it provides a purely utilitarian explanation as to why there are asymmetric costs associated with false convictions and acquittals. It relies on the fact that noncriminals may engage in...