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The standard model of optimal deterrence predicts that the probability of wrongful conviction of the innocent is, at the margin, as detrimental to deterrence as the wrongful acquittal of guilty individuals. We extend the model in several directions: using expected utility as well as nonexpected...
Persistent link: https://www.econbiz.de/10010552859
The principle that it is better to let some guilty individuals be set free than to mistakenly convict an innocent person is generally shared by legal scholars, judges and lawmakers of modern societies. The paper shows why this common trait of criminal procedure is also efficient. It extends the...
Persistent link: https://www.econbiz.de/10004964411
The standard model of optimal deterrence predicts that the probability of wrongful conviction of the innocent is, at the margin, as detrimental to deterrence as the probability of wrongful acquittal of guilty individuals. We extend the model in several directions: using expected utility as well...
Persistent link: https://www.econbiz.de/10010897151
Mandatory disclosure of evidence and double jeopardy are considered to be among the most important bulwarks against …
Persistent link: https://www.econbiz.de/10005198709
Persistent link: https://www.econbiz.de/10014281856
A general rule of international trade arbitration is that all the parties have to prove their affirmations. Moreover …, it is a consecrated right of the arbitral tribunal to ask for any other evidence in a determined period of time. The … regulations referring to the administration of evidence stipulate that these should remain at the discretion of the arbitral …
Persistent link: https://www.econbiz.de/10011105887
, our firms have imperfect cumulative evidence of the collusion. That is, cartel conviction is not automatic if one firm … reports: reporting makes conviction only more likely, the more so, the more firms report. Furthermore, the evidence is … distributed asymmetrically among firms. Asymmetry of the evidence can increase the cost of deterrence if the high-evidence firm …
Persistent link: https://www.econbiz.de/10011420625
In this paper, I discuss the difference between accommodated evidence (i.e. when evidence is known first and a … hypothesis is the proposed to explain and fit the observations) and predicted evidence (i.e., when evidence verifies the … prediction of a hypothesis formulated before observing the evidence) from a behavioral as well as a statistical perspective …
Persistent link: https://www.econbiz.de/10010323895
A speaker attempts to persuade a listener to accept a request by presenting evidence. A persuasion rule specifies what … evidence is persuasive. This paper compares static and dynamic rules. We present a single linear program (i) whose solution …
Persistent link: https://www.econbiz.de/10011599506
We study a seller's optimal mechanism for maximizing revenue when a buyer may present evidence relevant to her value … mechanism to be deterministic--hence akin to classic third degree price discrimination--independently of non-evidence … characteristics. We also find another sufficient condition depending on both evidence and valuations, whose content is that evidence …
Persistent link: https://www.econbiz.de/10011599549