Disclosure and Legal Advice

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منابع مشابه

Disclosure and Legal Advice∗

This paper examines how the advice that lawyers provide to their clients affects the disclosure of evidence and the outcome of adjudication, and how the adjudicator should allocate the burden of proof in light of these effects. Despite lawyers’ expertise in assessing the evidence, their advice is found to have no effect on adjudication, if the lawyers follow disclosure strategies that are undom...

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Legal Advice and Evidence Disclosure

This paper examines how the advice that lawyers provide to their clients affects the disclosure of evidence and the outcome of adjudication, and how the adjudicator should allocate the burden of proof in light of these effects. Despite lawyers’ expertise in assessing the evidence, their advice is found to have no effect on adjudication, if the lawyers follow disclosure strategies that are undom...

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Legal Advice about Acts Already Committed

This paper considers a model of the provision of information about legal rules to parties when they have already committed acts to which the rules apply.’ The provision of advice about legal rules in these circumstances is, of course, one of the main tasks of lawyers in the setting of litigation. (Why individuals often obtain advice only after they have acted, not before, is discussed in our co...

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When mandatory disclosure hurts: Expert advice and conflicting interests

We study the quality of advice that an informed and biased expert gives to an uninformed decision maker. We compare two scenarios: mandatory disclosure of the bias and non-disclosure, where information about the bias can only be revealed through cheap-talk. We find that in many scenarios non-disclosure allows for higher welfare for both parties. Hiding the bias allows for more precise communica...

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ژورنال

عنوان ژورنال: American Economic Journal: Microeconomics

سال: 2017

ISSN: 1945-7669,1945-7685

DOI: 10.1257/mic.20140272