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A Fundamental Enforcement Cost Advantage of the Negligence Rule over Regulation
Shavell, Steven - 2012
Regulation and the negligence rule are both designed to obtain compliance with desired standards of behavior, but they … differ in a primary respect: compliance with regulation is ordinarily assessed independently of the occurrence of harm … use of the negligence rule is triggered by harm, the rule enjoys an intrinsic enforcement cost advantage over regulation …
Persistent link: https://www.econbiz.de/10012460242
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The Cost of Regulatory Compliance in the United States
Trebbi, Francesco - National Bureau of Economic Research - 2022
We quantify firms' compliance costs of regulation from 2002 to 2014 in terms of their labor input expenditure to comply …
Persistent link: https://www.econbiz.de/10013462739
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Property Rights, Regulatory Capture, and Exploitation of Natural Resources
Costello, Christopher - 2015
economically efficient extraction paths - is tested empirically with a novel panel data set from global fisheries. Exploiting the …
Persistent link: https://www.econbiz.de/10012457807
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The Economic Theory of Public Enforcement of Law
Polinsky, A. Mitchell - 1999
This article surveys the theory of the public enforcement of law -- the use of public agents (inspectors, tax auditors, police, prosecutors) to detect and to sanction violators of legal rules. We first present the basic elements of the theory, focusing on the probability of imposition of...
Persistent link: https://www.econbiz.de/10012471807
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What's Missing in Environmental (Self-)Monitoring : Evidence from Strategic Shutdowns of Pollution Monitors
Mu, Yingfei; Rubin, Edward; Zou, Eric - National Bureau of Economic Research - 2021
Regulators often rely on self-reported data to determine compliance. Tolerance for missingness in self-monitoring data may create incentives for local agents to strategically decide when (not) to monitor regulated activities. This paper builds a framework to detect whether local governments skip...
Persistent link: https://www.econbiz.de/10012510614
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Japanese Foreign Exchange Interventions, 1971-2018 : Estimating a Reaction Function Using the Best Proxy
Ito, Takatoshi - 2020
We analyze the history of Japanese foreign exchange interventions from 1971 to 2018. First, we provide the best proxy for monthly interventions for the period from 1971 to 1990, when the intervention timings and amounts were not officially disclosed. The accuracy of the proxy is tested for the...
Persistent link: https://www.econbiz.de/10012479168
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States Taking the Reins? Employment Verification Requirements and Local Labor Market Outcomes
Ayromloo, Shalise - 2020
We estimate the impact of state-level "E-Verify" legislation that mandates employment eligibility verification for private-sector workers. We document declines in formal sector employment and employment turnover after mandate passage, with effects concentrated among those likeliest to be...
Persistent link: https://www.econbiz.de/10012479200
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Identity Verification Standards in Welfare Programs : Experimental Evidence from India
Muralidharan, Karthik - 2020
How should recipients of publicly-provided goods and services prove their identity in order to access these benefits? The core design challenge is managing the tradeoff between Type-II errors of inclusion (including corruption) against Type-I errors of exclusion whereby legitimate beneficiaries...
Persistent link: https://www.econbiz.de/10012479268
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The Persuasive Effect of Fox News : Non-Compliance with Social Distancing During the Covid-19 Pandemic
Simonov, Andrey - 2020
We test for and measure the effects of cable news in the US on regional differences in compliance with recommendations by health experts to practice social distancing during the early stages of the COVID-19 pandemic. We use a quasi-experimental design to estimate the causal effect of Fox News...
Persistent link: https://www.econbiz.de/10012481820
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Polarization and Public Health : Partisan Differences in Social Distancing during the Coronavirus Pandemic
Allcott, Hunt - 2020
We study partisan differences in Americans' response to the COVID-19 pandemic. Political leaders and media outlets on the right and left have sent divergent messages about the severity of the crisis, which could impact the extent to which Republicans and Democrats engage in social distancing and...
Persistent link: https://www.econbiz.de/10012481903