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Penalty Structures and Deterrence in a Two-Stage Model: Experimental Evidence

Anderson, Lisa R.; DeAngelo, Gregory; Emons, Winand; … - C.E.P.R. Discussion Papers - 2015

Increasing penalty structures for repeat offenses are ubiquitous in penal codes, despite little empirical or theoretical support. Multi-period models of criminal enforcement based on the standard economic approach of Becker (1968) generally find that the optimal penalty structure is either flat...

Persistent link: https://www.econbiz.de/10011272717

Conditional versus Contingent Fees

Emons, Winand - C.E.P.R. Discussion Papers - 2004

Under contingent fees the attorney gets a share of the judgement; under conditional fees the lawyer gets an upscale premium if the case is won which is, however, unrelated to the adjudicated amount. We compare conditional and contingent fees in a framework where lawyers are uninformed about the...

Persistent link: https://www.econbiz.de/10005114185

Playing it Safe with Low Conditional Fees versus Being Insured by High Contingent Fees

Emons, Winand - C.E.P.R. Discussion Papers - 2005

Under contingent fees the attorney gets a share of the judgement; under conditional fees they get an upscale premium if the case is won, which is, however, unrelated to the adjudicated amount. We compare conditional and contingent fees in a framework where lawyers choose between a safe and a...

Persistent link: https://www.econbiz.de/10005661624

The Economics of Books

Canoy, Marcel; van der Ploeg, Frederick; Ours, Jan C van - C.E.P.R. Discussion Papers - 2005

The tensions between books and book markets as expressions of culture and books as products in profit-making businesses are analysed and insights from the theory of industrial organisation are given. Governments intervene in the market for books through laws concerning prices of books, grants...

Persistent link: https://www.econbiz.de/10005124150

Does the 'New Economy' Measure up to the Great Inventions of the Past?

Gordon, Robert J - C.E.P.R. Discussion Papers - 2000

past, not in the future. The Internet fails as a Great Invention because much of its use involves substitution of existing … activities from one medium to another, because much Internet investment involves defence of market share rather than creation of … something of social value, because much Internet activity duplicates existing activity like mail order catalogues, while the …

Persistent link: https://www.econbiz.de/10005124176

Chicken and Egg: Competing Matchmakers

Caillaud, Bernard; Jullien, Bruno - C.E.P.R. Discussion Papers - 2001

intermediation on the Internet by allowing registration and transaction prices, and multiple registration. When only registration …

Persistent link: https://www.econbiz.de/10005136667

Digital Goods and the New Economy

Quah, Danny - C.E.P.R. Discussion Papers - 2003

Digital goods are bit strings, sequences of 0s and 1s, that have economic value. They are distinguished from other goods by five characteristics: digital goods are non-rival, infinitely expansible, discrete, aspatial, and recombinant. The New Economy is one where the economics of digital goods...

Persistent link: https://www.econbiz.de/10005067419

Matching Demand and Supply in a Weightless Economy: Market-Driven Creativity With and Without IPRs

Quah, Danny - C.E.P.R. Discussion Papers - 2002

Many cultural products have the same non-rival nature as scientific knowledge. They therefore face identical difficulties in creation and dissemination. One traditional view says market failure is endemic – societies tolerate monopolistic inefficiency in intellectual property (IP) protection...

Persistent link: https://www.econbiz.de/10005498130

IPO Pricing in the dot-com Bubble

Ljungqvist, Alexander P.; Wilhelm Jr, William J - C.E.P.R. Discussion Papers - 2002

preponderance of Internet and high-tech firms going public. Our results suggest that it was firm characteristics that were unique …

Persistent link: https://www.econbiz.de/10005504679

Advertising and the Distribution of Content

Weeds, Helen - C.E.P.R. Discussion Papers - 2012

distribution of content to pay TV and free-to-air broadcasters, and for internet distribution of content. …

Persistent link: https://www.econbiz.de/10011083559