Showing 1 - 10 of 24
penalties related to fines and jail terms. There appear to be four distinct cartel policy regimes: pre-1978, 1978-1992, 1993 … substantially higher penalties levied on firms and individuals. While effective deterrence is one explanation for these patterns, we …
Persistent link: https://www.econbiz.de/10011388208
prevent the full internalisation of costs. A mechanism is proposed which guarantees an efficient outcome: monetary fines which …
Persistent link: https://www.econbiz.de/10010315405
deterrence studies published between 1975 and 2011. The profession of the author turns out to be the only statistically … significant explanatory variable: Economists claim significantly more often to have found a significant deterrence effect than …
Persistent link: https://www.econbiz.de/10010292711
This paper analyzes the implications of potential offenders caring about their relative status. We establish that subjects' status concerns can result in multiple-equilibrium crime rates and may modify the standard comparative-statics results regarding how the crime rate changes in response to a...
Persistent link: https://www.econbiz.de/10010293986
An authority delegates a monitoring task to an agent. It can only observe the number of detected offenders, but neither the monitoring intensity chosen by the agent nor the resulting level of misbehavior. We provide a necessary and sufficient condition for the implementability of monitoring...
Persistent link: https://www.econbiz.de/10010352428
In order to analyze the severity of sentencing, and to show how the probabilistic interpretation of strategic behavior can be tricky, this paper uses the crime strategic model (inspection game) proposed by Tsebelis. This model shows that any attempts to increase the severity of punishment will...
Persistent link: https://www.econbiz.de/10011555554
threshold of legality is uncertain. I show that this legal uncertainty raises welfare. Legal uncertainty changes deterrence in …
Persistent link: https://www.econbiz.de/10011584863
effort due to avoidance activities, endogenous fines, and heterogeneity with respect to naïves’ perceptions. …
Persistent link: https://www.econbiz.de/10011887366
In the course of history, a large number of politicians have been assassinated. Rational choice hypotheses are developed and tested using panel data covering more than 100 countries over a period of 20 years. Several strategies, in addition to security measures, are shown to significantly reduce...
Persistent link: https://www.econbiz.de/10010264506
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