evidence on punishment preferences, in which subjects reveal a heterogeneous preference for punishing wrongdoers, our model … identifies circumstances in which “punitive” individuals (with stronger-than-average punishment preferences) will self …-select into law enforcement jobs that offer the opportunity to punish (or facilitate the punishment of) wrongdoers. Such “punitive …

This paper studies how the swiftness and delay of punishment affect behavior. Using rich administrative data from … beliefs, as reflected in our survey. Yet, we document large mechanical benefits of swift punishment and provide a theoretical …

Risk-neutral individuals take more risky decisions when they have limited liability. Risk-neutral managers may not when … acting as agents under contract and taking costly actions to acquire information before taking decisions. Limited liability … return. Further results on the form of contracts are also derived. -- managers ; risky decisions ; limited liability …

when the agent is protected by limited liability. In this paper, we investigate how the principal should construct the … globally incentive compatible under limited liability, if local incentive constraints are strictly satisfied. We identify …

-nudges affect punishment behavior, and how enforcement links to norm perceptions. Using a representative sample of U.S. participants … study that confirm the robustness of our findings in the context of whistleblowing. To explain the punishment patterns of the … norms are vague. Importantly, we find that punishment patterns in the first experiment closely follow these norm perceptions …

The empirical literature testing the economic theory of crime has extensively studied the relative importance of the … probability and the severity of punishment with reference to planned criminal activities. There are, however, also unplanned …