Similar Search Results

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

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

Financial Crime and Punishment : A Meta-Analysis

de Batz, Laure; Kočenda, Evžen - 2023

We provide the first quantitative synthesis of the literature on how financial markets react to the disclosure of financial crimes committed by listed firms. While consensus expects negative stock price returns, the exact size of the effect is far from clear. We survey 111 studies published over...

Persistent link: https://www.econbiz.de/10014347014

Rules of proof, courts, and incentives

Demougin, Dominique M.; Fluet, Claude - 2007

We analyze the design of legal principles and procedures for court decision-making in civil litigation. The objective is the provision of appropriate incentives for potential tort-feasors to exert care, when evidence about care is imperfect and may be distorted by the parties. Efficiency is...

Persistent link: https://www.econbiz.de/10010273769

Deterrence through word of mouth

Rincke, Johannes; Traxler, Christian - 2009

The deterrent effect of law enforcement rests on the link between the actual and the perceived detection risk. We study the role of word of mouth for this linkage. Our approach makes use of micro data on compliance with TV license fees allowing us to distinguish between households who have been...

Persistent link: https://www.econbiz.de/10010264559

Testing enforcement strategies in the field : legal threat, moral appeal and social information

Fellner, Gerlinde; Sausgruber, Rupert; Traxler, Christian - 2009

We run a large-scale natural field experiment to evaluate alternative strategies to enforce compliance with the law. The experiment varies the text of mailings sent to potential evaders of TV license fees. We find a strong alert effect of mailings, leading to a substantial increase in...

Persistent link: https://www.econbiz.de/10010266015

Speed Limit Enforcement and Road Safety

Bauernschuster, Stefan - 2020

We study the impact on road safety of one-day massive speed limit monitoring operations (SLMO) accompanied by media campaigns that announce the SLMO and provide information on the dangers of speeding. Using register data on the universe of police reported accidents in a generalized...

Persistent link: https://www.econbiz.de/10012843437

Should Courts Always Enforce What Contracting Parties Write?

Anderlini, Luca - 2006

We find an economic rationale for the common sense answer to the question in our title - courts should not always enforce what the contracting parties write.We describe and analyze a contractual environment that allows a role for an active court. An active court can improve on the outcome that...

Persistent link: https://www.econbiz.de/10012735522

Compensation in Personal Injury Cases : Mean or Median Income?

Danziger, Leif - 2019

Courts typically base compensation for loss of income in personal injury cases on either mean or median work income. Yet, quantatively, mean and median incomes are typically very different. For example, in the US median income is 65 percent of mean income. In this paper we use economic theory to...

Persistent link: https://www.econbiz.de/10012866040

Shareholder Liability and Bank Failure

Aldunate, Felipe; Jenter, Dirk; Korteweg, Arthur G.; … - 2021

Does enhanced shareholder liability reduce bank failure? We compare the performance of around 4,200 state …-regulated banks of similar size in neighboring U.S. states with different liability regimes during the Great Depression. The distress … rate of limited liability banks was 29% higher than that of banks with enhanced liability. Results are robust to a diff …

Persistent link: https://www.econbiz.de/10013220132