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Princeton University Library Catalog
Accuracy in the Determination of Liability / Louis Kaplow, Steven Shavell.
Cambridge, Mass. National Bureau of Economic Research 1992.
1 online resource: illustrations (black and white);
National Bureau of Economic Research
Working Paper Series (National Bureau of Economic Research) no. w4203.
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NBER working paper series no. w4203
Many legal rules, notably rules of procedure and evidence, are concerned with achieving accuracy in the outcome of adjudication. In this article, we study accuracy in the conventional model of law enforcement. We consider why reducing error in determining liability is socially valuable and how error and its reduction affect the optimal probability and magnitude of sanctions.
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