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Spite in Litigation
Mill, Wladislaw; Stäbler, Jonathan - 2023
This paper studies how litigation and settlement behavior is affected by agents motivated by spiteful preferences under the American and the English fee-shifting rule. We conduct an experiment and find that litigation expenditures and settlement requests are higher for more spiteful...
Persistent link: https://www.econbiz.de/10014260383
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Do People Value More Informative New?
Chopra, Felix - 2020
We examine whether the desire for more information is people's dominant motive for reading economic and political news. Drawing on representative samples of the U.S. population with more than 15,000 respondents in total, we measure and experimentally vary people's beliefs about the...
Persistent link: https://www.econbiz.de/10012843435
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Learning from Law Enforcement
Dusek, Libor - 2020
This paper studies how punishment for past offenses affects future compliance behavior and isolates deterrence effects mediated by learning. Using administrative data from speed cameras that capture the full driving histories of more than a million cars over several years, we evaluate responses...
Persistent link: https://www.econbiz.de/10012843418
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Externalities and the Erosion of Trust
Daniele, Gianmarco; Martinangeli, Andrea FM; … - 2023
We present a theory linking political and social trust to explain trust erosion in modern societies. Individuals …
Persistent link: https://www.econbiz.de/10014348046
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Regulating Stock Externalities
Gerlagh, Reyer - 2019
-consistent policy rules that implement the stochastic first best as long as a future market exists. We apply our theory to carbon …
Persistent link: https://www.econbiz.de/10012892203
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Regulation of Location-Specific Externalities
Amundsen, Eirik S. - 2019
In this paper, we study regulation of externalities involving many small-scale polluters, where the damages from …
Persistent link: https://www.econbiz.de/10012892205
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Savings Externalities and Wealth Inequality
Angelopoulos, Konstantinos - 2019
externalities via the interest rate. Conditional on differences in the processes determining household earnings for distinct groups … in the population, these savings externalities may contribute to inequality. Working with an open economy heterogenous … earnings processes of British households with university and non-university educated heads entail savings externalities that …
Persistent link: https://www.econbiz.de/10012871023
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Fiscal Externalities in Multilevel Tax Structures : Evidence from Concurrent Income Taxation
Revelli, Federico; Tsai, Tsung-Sheng; Zotti, Roberto - 2021
-tier (horizontal) and between-tiers (vertical and diagonal) fiscal externalities. Estimation of an unrestricted income tax reaction …
Persistent link: https://www.econbiz.de/10013213781
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Asset Pricing and the Carbon Beta of Externalities
Edenhofer, Ottmar; Lessmann, Kai; Tahri, Ibrahim - 2021
Climate policy needs to set incentives for actors who face imperfect, distorted markets and large uncertainties about the costs and benefits of abatement. Investors price uncertain assets according to their expected return and risk (carbon beta). We study carbon pricing and financial incentives...
Persistent link: https://www.econbiz.de/10013214337
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Regulating Untaxable Externalities : Are Vehicle Air Pollution Standards Effective and Efficient?
Jacobsen, Mark R.; Sallee, James; Shapiro, Joseph S.; … - 2022
What is a feasible and efficient policy to regulate air pollution from vehicles? A Pigouvian tax is technologically infeasible. Most countries instead rely on exhaust standards that limit air pollution emissions per mile for new vehicles. We assess the effectiveness and efficiency of these...
Persistent link: https://www.econbiz.de/10014240477