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moral hazard and adverse selection because of the epistemic asymmetry between judges and experts and the risk of expert bias … paper will conclude that the possible adverse effects of the epistemic asymmetry and expert bias between judges and experts …
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A simple auction-theoretic framework is used to examine symmetric litigation environments where the legal ownership of a disputed asset is unknown by the court. The court observes only the quality of the case presented by each party, and awards the asset to the party presenting the best case....
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