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PERJURY VERSUS TRUTH-REVELATION: QUANTITY OR QUALITY OF TESTIMONY
Category: Economic Theory
Law and Economics II Tuesday 27th August 2002, 09:30 - 11:00, Room: 2.2
Session Chair(s):
James Anderson, Boston College, UNITED STATES
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Abstract:
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In trials witnesses often slant their testimony to advance their interests.
To obtain truthful testimony, courts rely on perjury rules. We
show that perjury rules are not truth-revealing and we derive a
truth-revealing mechanism for the same set of restrictions under
which perjury rules operate. If the judge uses a truth-revealing
mechanism, he will get less testimony than under perjury because
the defendant will not present a witness with unfavorable news;
however, testimony is of higher quality. We show that a court
striving for precision prefers truth-revelation to perjury. If the
court is rational in the Bayesian sense, chances for the defendant
to prevail are the same under perjury and truth-revelation from an
ex ante point of view. Truth-revelation thus dominates perjury
even when the lower quantity of testimony is taken into account.
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Find this file in the \Papers\73\ folder of this CD-ROM.
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