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adversaries. Deterrence is however ineffective, and preemptive defense is required, when a population of intended victims …
Persistent link: https://www.econbiz.de/10005124376
In this paper we organize the literature on the economics of terrorism around seven different topics, offering a … Measurement of Terrorist Activity, The Nature of Terrorists, The Utility Cost of Terrorism, The Impact of Terrorism on Aggregate … Output, Terrorism and Specific Sectors of Activity, Terrorism and Economic Policy, and Counter-Terrorism. In a sense, we …
Persistent link: https://www.econbiz.de/10005136621
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
This paper models payment evasion as a source of profit by letting the firm choose the purchase price and the fine imposed on detected payment evaders. For a given price and fine, the consumers purchase, evade payment, or choose the outside option. We show that payment evasion leads to a form of...
Persistent link: https://www.econbiz.de/10011276378
We estimate the deterrence effects of U.S. merger policy instruments with respect to the composition and frequency of …-losses: deterrence variables akin to the traditional conditional probabilities from the economics of crime literature. We find the … conditional probability of eliciting an antitrust challenge (i.e., remedies and prohibitions) involves the strongest deterrence …
Persistent link: https://www.econbiz.de/10009225959
This paper empirically investigates the effectiveness of competition policy by estimating its impact on Total Factor Productivity (TFP) growth for 22 industries in 12 OECD countries over the period 1995-2005. We find a robust positive and significant effect of competition policy as measured by...
Persistent link: https://www.econbiz.de/10008528531
, deterrence is unaffected but prices grow. Differences between treatments in Stockholm and Rome suggest culture may affect optimal …: subjects use costly fines as (altruistic) punishments. Leniency further increases deterrence, but stabilizes surviving cartels …
Persistent link: https://www.econbiz.de/10004976790
We review current methods for calculating fines against cartels in the US and EU, and simulate their deterrence effects … deterrence effects before leniency programs were introduced. Previous simulations of the effects of fines ignore the different … type of deterrence that leniency programs bring about, and, therefore, grossly overstate the minimum fine likely to have …
Persistent link: https://www.econbiz.de/10005136460
deterrence) and guide the use to which innovation is put (marginal deterrence). We show that public intervention should become …
Persistent link: https://www.econbiz.de/10005000438
In this paper we test for the theory of deterrence. We exploit the natural experiment provided by the Collective … recommit a crime by 1.24 percent: this corroborates the general deterrence hypothesis. However, this effect depends on the time … the prison spell. This second result can be hardly reconciled with the specific deterrence hypothesis according to which a …
Persistent link: https://www.econbiz.de/10005067676