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  • 标题:A note on: jury size and the free rider problem
  • 本地全文:下载
  • 作者:Christopher Spencer ; Paul Levine ; Parimal Bag
  • 期刊名称:Economics Bulletin
  • 电子版ISSN:1545-2921
  • 出版年度:2006
  • 卷号:4
  • 出版社:Economics Bulletin
  • 摘要:This note reassesses the basic result in Mukhopadhaya (2003) that, when jurors may acquire costly signals about a defendant's guilt, with a larger jury size the probability of reaching a correct verdict may in fact fall, contrary to the Condorcet Jury Theorem. We show that if the jurors coordinate on any one of a number of (equally plausible) asymmetric equilibria other than the symmetric equilibrium considered by Mukhopadhaya, the probability of accuracy reaches a maximum for a particular jury size and remains unchanged with larger juries, thus mitigating Mukhopadhaya''s result somewhat. However, the case for limiting the jury size – a recommendation by Mukhopadhaya – gains additional grounds if one shifts the focus from maximizing the probability of reaching a correct verdict to the maximization of the overall social surplus, measured by the expected benefits of jury decisions less the expected costs of acquiring signals.
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