-expected utility theory is substituted for the traditional expected utility theory, the high-fine-low-probability result (Becker, 1968 …

This paper analyzes the incentive properties of the standard and burden of proof for a finding of negligence, when …

This paper analyzes the incentive properties of the standard and burden of proof for a finding of negligence, when …

This paper analyzes the incentive properties of the standard and burden of proof for a finding of negligence, when …

deterrence and enforcement costs, legal standards defining offences should align on underlying norms so long as the latter are … align on underlying norms with fines that trade off deterrence against the provision of information; or legal standards …

We compare fault-based and strict liability offences in law enforcement when behavior is influenced by informal … prosocial norms of conduct. Fault tends to be more effective than strict liability in harnessing social or self-image concerns … liability should be strict. When sanctions are nonmonetary or when stigmatization imposes a deadweight loss, the legal standard …

reputational concerns are not strong enough, however, for injurers to willingly compensate their victims. Absent legal liability … enforced legal liability crowds out informal incentives completely (e.g., individuals causing harm suffer no stigma) but … precautions are then socially efficient. Under imperfectly enforced legal liability, formal legal sanctions and normative concerns …