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purporting to show robust and precise estimates of a substantial deterrent effect of capital punishment. We assess the various …
Persistent link: https://www.econbiz.de/10005504776
) generally find that the optimal penalty structure is either flat or declining. We experimentally test a two-stage theoretical … model that predicts decreasing penalty structures will yield greater deterrence than increasing penalty structures. We find … for any given decision, being in a decreasing fine structure has a significant effect on deterrence. …
Persistent link: https://www.econbiz.de/10011272717
in an experiment where actions are strategic substitutes. The game theoretic basis for our experiment is the model of …
Persistent link: https://www.econbiz.de/10005136539
When penalties for first-time offenders are restricted, it is typically optimal for the lawmaker to overdeter repeat offenders. First-time offenders are then deterred not only by the (restricted) fine for a first offense, but also by the prospect of a large fine for a subsequent offense. Now...
Persistent link: https://www.econbiz.de/10011083501
strengthened deterrence and enhanced prosecution. Moreover, consistently with a novel prediction of our theory, the evidence …
Persistent link: https://www.econbiz.de/10011083808
corporate fines may not be able to induce deterrence. Managerial penalties are thus needed. If the policy may be changed … bankruptcies or under-deterrence as compared to the optimal policy. …
Persistent link: https://www.econbiz.de/10011084067
endogenous choice, groups typically vote for the reward option, even though punishment is actually more effective in sustaining …
Persistent link: https://www.econbiz.de/10005114368
This paper analyzes how private decisions and public policies are shaped by personal and societal preferences (values), material or other explicit incentives (laws) and social sanctions or rewards (norms). It first examines how honor, stigma and social norms arise from individuals’ behaviors...
Persistent link: https://www.econbiz.de/10009371470
This paper demonstrates the effects of ethnic and religious diversity on the quality of public spaces. Its identification strategy relies on the exogeneity of public housing allocations in France, and thereby eliminates the bias from endogenous sorting. The paper uses micro evidence of social...
Persistent link: https://www.econbiz.de/10009351515
This Paper analyses an overlapping generation model of public good provision under repeated voting. The public good is financed through age-dependent taxation that distorts human capital investment. Taxes redistribute income both across different skill groups and across generations. We contrast...
Persistent link: https://www.econbiz.de/10005123612