We focus in this paper on the effects of court errors on the optimal sharing of liability between firms and financiers …, governments and courts we show, through numerical simulations, the distortions in liability sharing between firms and financiers … firm innocent of inappropriate care) errors. This role is considered in a context where liability sharing is already …

We study how punishment influences conditional cooperation. We ask two questions: 1) how does conditional cooperation … cooperation with punishment which leads to a decrease in conditional cooperation. The power to punish means more responsibility …

attempts to increase the severity of punishment will alter the payoff of the individuals involved, leaving unchanged the … the certainty of punishment and the ability of the government to enforce it …

Altruistic punishment is a fundamental driver for cooperation in human interactions. In this paper, we expand our … understanding of this form of costly punishment to help explain a puzzle of voting behavior: why do people who are indifferent … simple voting experiment, we show that many voters are willing to engage in voting as a form of punishment, even when voting …

This paper argues that the “Economics of Crime” concentrates too much on punishment as a policy to fight crime, which … is unwise for several reasons. There are important instances in which punishment simply cannot reduce crime. Several … feasible alternatives to punishment exist, such as offering positive incentives or handing out awards for law abiding behavior …