Showing 11 - 20 of 8,769
Cities generate negative, as well as positive, externalities; addressing those externalities requires both infrastructure and institutions. Providing clean water and removing refuse requires water and sewer pipes, but the urban poor are often unwilling to pay for the costs of that piping....
Persistent link: https://www.econbiz.de/10012456762
We introduce the possibility of direct punishment by specialized enforcers into a model of community enforcement … specialized enforcement technology is sufficiently effective, cooperation is best sustained by a "single enforcer punishment … punishment that enforcers are willing to impose on deviators. Conversely, when the specialized enforcement technology is …
Persistent link: https://www.econbiz.de/10012457211
observation that cartels keep participants in line through the threat of punishment, but they fail to explain two important … it is detected. We propose a theory of "equilibrium price cutting and business stealing" in cartels to bridge this gap … between theory and observation …
Persistent link: https://www.econbiz.de/10012458671
Part of the debate over the control of drug activity in cities is concerned with the effectiveness of implementing demand- versus supply-side drug policies. This paper is motivated by the relative lack of research providing formal economic underpinning for the implementation of either policy. We...
Persistent link: https://www.econbiz.de/10012469461
, police, prosecutors) to detect and to sanction violators of legal rules. We first present the basic elements of the theory …This article surveys the theory of the public enforcement of law -- the use of public agents (inspectors, tax auditors … examine a variety of extensions of the central theory, concerning accidental harms, costs of imposing fines, errors, general …
Persistent link: https://www.econbiz.de/10012471807
This article derives the optimal award to a winning plaintiff and the optimal penalty on a losing plaintiff when the probability of prevailing varies among plaintiffs. Optimality is defined in terms of achieving a specified degree of deterrence of potential injurers with the lowest litigation...
Persistent link: https://www.econbiz.de/10012474438
Many legal rules, notably rules of procedure and evidence, are concerned with achieving accuracy in the outcome of adjudication. In this article, we study accuracy in the conventional model of law enforcement. We consider why reducing error in determining liability is socially valuable and how...
Persistent link: https://www.econbiz.de/10012474764
This paper explores how optimal enforcement is affected by the fact that not all individuals are equally easy to apprehend. When the probability of apprehension is the same for all individuals, optimal sanctions will be maximal: as Gary Becker (1968) suggested, raising sanctions and reducing the...
Persistent link: https://www.econbiz.de/10012474901
This paper analyzes optimal fines in a model in which individuals can commit up to two offenses. The fine for the second offense is allowed to differ from the fine for the first offense. There are four natural cases in the model, defined by assumptions about the gains to individuals from...
Persistent link: https://www.econbiz.de/10012475266
Some of the costs of enforcing laws are fixed" - - in the sense that they do not depend on the number of individuals who commit harmful acts- -while other costs are "variable"- - they rise with the number of such individuals. This article analyzes the effects of fixed and variable enforcement...
Persistent link: https://www.econbiz.de/10012475601