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

Authors: Chris William Sanchirico;

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

Abstract

This paper investigates the role of evidence production in the regulation of private behavior via judicial and administrative process. The paper presents 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. The targeted behavior becomes more privately beneficial to the agent to the extent that it reduces the agent's evidence costs and so improves its highest obtainable payoffs (net of costs) at the subsequent hearing. This view of evidence production has several notable implications, including that truth-finding has no direct role in deterrence, 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.

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
31
Average
Top 10%
Top 10%
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