Relying on the Information of Interested - and Potentially Dishonest - Parties

Chris William Sanchirico
2001 Social Science Research Network  
Evidence Production 2 The paper investigates the role of evidence production in the regulation of private behavior via judicial and administrative process. It proposes a model in which the law makes the agent's "fine" depend on the presentation of evidence whose production cost, in turn, depends on how the agent has behaved in the regulated activity. This view of evidence production has several notable implications, including that truth-finding has no direct role in deterrence, that
more » ... e, that non-falsifiable evidence, even when available, is unlikely to be the best choice for the system, and that "overdeterrence" may well be cost effective.
doi:10.2139/ssrn.259815 fatcat:giu3ceeodbgwlc5bcyao3nhnzu