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Accuracy in the Determination of Liability

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  • Kaplow, Louis
  • Shavell, Steven

Abstract

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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Suggested Citation

  • Kaplow, Louis & Shavell, Steven, 1994. "Accuracy in the Determination of Liability," Journal of Law and Economics, University of Chicago Press, vol. 37(1), pages 1-15, April.
    • Handle: RePEc:ucp:jlawec:v:37:y:1994:i:1:p:1-15
    DOI: 10.1086/467304
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law

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