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Reputations, relationships and the enforcement of incomplete contracts
MacLeod, William Bentley (contributor) - 2006
increasing the quality of law. -- contract ; law and economics ; reputation ; repeated games ; incomplete contracts …
Persistent link: https://www.econbiz.de/10003278957
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Reputation and credit market formation : how relational incentives and legal contract enforcement interact
Fehr, Ernst; Zehnder, Christian - 2009
absence of legal enforcement and reputation formation opportunities the credit market breaks down almost completely while if … reputation formation is possible a stable credit market emerges even in the absence of legal enforcement of debt repayment … markets ; relationship lending ; reputation formation ; legal enforcement …
Persistent link: https://www.econbiz.de/10003884085
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On the economics and biology of trust
Fehr, Ernst (contributor) - 2008
In recent years, many social scientists have claimed that trust plays an important role in economic and social transactions. Despite its proposed importance, the measurement and the definition of trust seem to be not fully settled, and the identification of the exact role of trust in economic...
Persistent link: https://www.econbiz.de/10003793375
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Misdemeanor prosecution
Agan, Amanda; Doleac, Jennifer L.; Harvey, Anna - 2021
Communities across the United States are reconsidering the public safety benefits of prosecuting nonviolent misdemeanor offenses. So far there has been little empirical evidence to inform policy in this area. In this paper we report the first estimates of the causal effects of misdemeanor...
Persistent link: https://www.econbiz.de/10012493796
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Strategic bureaucratic opacity : evidence from death investigation laws and police killings
Celislami, Elda; Kastoryano, Stephen; Mastrobuoni, Giovanni - 2023
Police accountability is essential to uphold the social contract. Monitoring the monitors is, however, not without difficulty. This paper reveals how police departments exploit specific laws surrounding death investigations to facilitate the underreporting of police killings. Our results show...
Persistent link: https://www.econbiz.de/10014429842
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Markets for reputation : evidence on quality and quantity in academe
Hamermesh, Daniel S.; Pfann, Gerard A. - 2009
We develop a theory of the market for individual reputation, an indicator of regard by one’s peers and others. The … central questions are: 1) Does the quantity of exposures raise reputation independent of their quality? and 2) Assuming that … overall quality matters for reputation, does the quality of an individual’s most important exposure have an extra effect on …
Persistent link: https://www.econbiz.de/10003925253
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Coordination under the shadow of career concerns
Koch, Alexander K.; Morgenstern, Albrecht - 2009
changes in labor market returns to skills. -- Career concerns ; group incentives ; knowledge work ; reputation ; teams …
Persistent link: https://www.econbiz.de/10003816581
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Implicit contracts, incentive compatibility, and involuntary unemployment : thirty years on
MacLeod, William Bentley; Malcomson, James M. - 2023
with reflections on the future of relational contract theory and practice. …
Persistent link: https://www.econbiz.de/10013500553
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The short- and long-run effects of private law enforcement : evidence from university police
Heaton, Paul S.; Hunt, Priscillia E.; MacDonald, John M.; … - 2015
Over a million people in the United States are employed in private security and law enforcement, yet very little is known about the effects of private police on crime. The current study examines the relationship between a privately-funded university police force and crime in a large U.S. city....
Persistent link: https://www.econbiz.de/10010472493
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The welfare effects of law enforcement in the illegal money lending market
Leong, Kaiwen; Li, Huailu; Pavanini, Nicola; Walsh, … - 2022
We estimate a structural model of borrowing and lending in the illegal money lending market using a unique panel survey of 1,090 borrowers taking out 11,032 loans from loan sharks. We use the model to evaluate the welfare effects of alternative law enforcement strategies. We find that a large...
Persistent link: https://www.econbiz.de/10013262951