Emons, Winand; Fluet, Claude - Department Volkswirtschaftlehre, Universität Bern - 2009
evidence. The parties may misrepresent evidence in their favor at a cost. At equilibrium the two parties never testify together …. When the evidence is much in favor of one party, this party testifies. When the evidence is close to the prior mean, no … party testifies. We compare this outcome under a purely adversarial procedure with the outcome under a purely inquisitorial …