Recent game-theoretic analyses of the adversarial process have focused on the hability of courts to render accurate verdicts in light of selectivity reported evidence. This paper generalizes previous work by developing a game where the court´s decision to weigh evidence and litigants' information-gathering and reporting strategies are endogenously determined, and examines the effects on the players' equilibrium strategies of varying the informational endowments of the litigants concerning the true value of the parameter under dispute. We find that litigants' strategies are driven by their knowledge of the court's potential behavior and prior beliefs, which are non-neutral with respect to trial results.
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Paper provided by Núcleo de Investigação em Microeconomia Aplicada (NIMA), Universidade do Minho in its series Working Papers with number
14.
Length: 27 pages Date of creation: Sep 2001 Date of revision: Handle: RePEc:nim:nimawp:14/2001
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Find related papers by JEL classification: K40 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - General K41 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Litigation Process
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