Evidence disclosure and verifiability

• 成果类型: Article
• 署名作者: Bull, J; Watson, J
• 署名单位: University of California System; University of California San Diego; State University System of Florida; Florida International University
• 刊物名称: JOURNAL OF ECONOMIC THEORY
• ISSN/ISSBN: 0022-0531
• DOI: 10.1016/j.jet.2003.12.002
• 发表日期: 2004
• 页码: 1-31
• 关键词: evidence disclosure; CONTRACTS; implementation; Verifiability; external enforcement; coalitions

摘要

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. (C) 2003 Elsevier Inc. All rights reserved.