Evidence disclosure and verifiability |
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Authors: | Jesse Bull |
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Institution: | a Department of Economics, Florida International University, Miami, FL 33199, USA b Department of Economics, University of California, San Diego, 9500 Gilman Drive La Jolla, CA 92093-0508, USA |
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Abstract: | We explore the notion of “verifiability” by analyzing a simple model of evidence production in contractual relationships with complete information. We characterize implementability in terms of the existence and form of “hard evidence.” We provide results on maximal and minimal evidence production that are, respectively, necessary and sufficient for implementation. We briefly discuss the relevance of our results to actual legal institutions. |
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Keywords: | C70 D74 K10 |
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