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Nine points of the law: evidentiary rules and the costs of litigation

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  • Karl Wärneryd

Abstract

If the defendant in a lawsuit is better informed than the plaintiff about the value of damages that could potentially be assigned by the court, biasing the burden of proof toward the plaintiff may lower aggregate efficiency losses from litigation. Copyright Springer Science+Business Media, LLC 2012

Suggested Citation

  • Karl Wärneryd, 2012. "Nine points of the law: evidentiary rules and the costs of litigation," Public Choice, Springer, vol. 153(3), pages 279-285, December.
    • Handle: RePEc:kap:pubcho:v:153:y:2012:i:3:p:279-285
    DOI: 10.1007/s11127-011-9793-z
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    1. repec:bla:kyklos:v:28:y:1975:i:4:p:745-62 is not listed on IDEAS
    2. Michael R. Baye & Dan Kovenock & Casper G. Vries, 2005. "Comparative Analysis of Litigation Systems: An Auction-Theoretic Approach," Economic Journal, Royal Economic Society, vol. 115(505), pages 583-601, July.
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    Cited by:

    1. Wang Lin, 2018. "The Effect of Compensation System on the Dispute Resolution of Securities False Statement in China: A Law and Economics Analysis," Asian Journal of Law and Economics, De Gruyter, vol. 9(3), pages 1-9, December.
    2. Chulyoung Kim, 2014. "Adversarial and Inquisitorial Procedures with Information Acquisition," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 30(4), pages 767-803.

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    More about this item

    Keywords

    Litigation; Asymmetric information; Burden of proof; Contest; C72; D72; D82; K41;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • K41 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Litigation Process

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