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Dari-Mattiacci, Guiseppe - 2006

Limited liability may result in inefficient accident prevention, because a relevant portion of the expected harm is externalized on victims. This paper shows that under some restrictive conditions further limiting liability by means of a liability cap can improve caretaking.

Persistent link: https://www.econbiz.de/10011349185

Limiting limited liability

Dari-Mattiacci, Guiseppe - 2006

Persistent link: https://www.econbiz.de/10003363131

Credit rationing effects of credit value-at-risk

Slijkerman, Jan Frederik; Smant, David Jan Cornelis; … - 2004

asymmetric information the banks face the risk of adverse selection. Credit Value-at-Risk (CVaR) regulation counters the problem … of low quality, i.e. high risk, loans and therefore reduces the risk of the bank loan portfolio. However, CVaR regulation … welfare. CVaR regulation also affects the operation of monetary policy. …

Persistent link: https://www.econbiz.de/10011334832

Does stake size matter for cooperation and punishment?

Kocher, Martin; Martinsson, Peter; Visser, Martine - 2006

Persistent link: https://www.econbiz.de/10003408263

The economics of altruistic punishment and the demise of cooperation

Egas, Martijn; Riedl, Arno - 2005

in biology and the social sciences. Recent experimental evidence suggests that altruistic punishment is an important … mechanism to maintain cooperation among humans. In this paper we explore the boundary conditions for altruistic punishment to … maintain cooperation by systematically varying the cost and impact of punishment, using a subject pool which extends beyond the …

Persistent link: https://www.econbiz.de/10011343948

Status-seeking in violent subcultures and the double dividend of zero-tolerance

Dur, Robert A. J. - 2006

This paper develops a model in which individuals gain social status among their peers for being 'tough' by committing violent acts. We show that a high penalty for moderately violent acts (zero-tolerance) may yield a double dividend in that it reduces both moderate and extreme violence. The...

Persistent link: https://www.econbiz.de/10011348346