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Evidence disclosure and verifiability

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  • Bull, Jesse
  • Watson, Joel

Abstract

We explore the notion of "verifiability" by analyzing a simple model of evidence production in contractual relationships with complete information. We characterize implementability in terms of the existence and form of "hard evidence." We provide results on maximal and minimal evidence production that are, respectively, necessary and sufficient for implementation. We briefly discuss the relevance of our results to actual legal institutions.
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  • Bull, Jesse & Watson, Joel, 2004. "Evidence disclosure and verifiability," Journal of Economic Theory, Elsevier, vol. 118(1), pages 1-31, September.
    • Handle: RePEc:eee:jetheo:v:118:y:2004:i:1:p:1-31
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