Legal uncertainty imposes a cost long before a court ever rules. It changes how parties bargain, how firms invest, and how aggressively disputes are pursued — and it does so in ways that are measurable.
The question
Where does legal uncertainty actually originate: in the text of the law, in the procedure, in the institutions that apply it, or in the incentives of the parties reading it? Each answer implies a different remedy.
Approach
CICERO reads the problem across disciplines — doctrinal legal analysis alongside institutional economics and case reconstruction — to price uncertainty rather than merely describe it.