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Super Contact and Related Optimality Conditions : A Supplement to Avinashdixits:"A Simplified Exposition of Some Results Concerning Regulated Brownian

Dumas, Bernard - 2021

Dixit (1988) observed that the mathematical construct of "regulated Brownian motion" developed by Harrison (1985) had proved useful in economic models of decision-making under uncertainty. In a recent note he provided a number of methods for calculating expected discounted payoff functions based...

Persistent link: https://www.econbiz.de/10013239196

Economic Analysis of Public Law Enforcement and Criminal Law

Shavell, Steven - 2022

enforcement are discussed in the chapters that follow. In chapter 20, the basic theory of public enforcement employing monetary … sanctions is discussed; in chapter 21, the basic theory of enforcement using nonmonetary sanctions is examined; and in chapter … 22, extensions to the basic theory are considered. Then, in chapter 23, functions of sanctions apart from deterrence …

Persistent link: https://www.econbiz.de/10014084960

Tax Compliance and Enforcement

Slemrod, Joel - 2018

This paper reviews recent economic research in tax compliance and enforcement. After briefly laying out the economics of tax evasion, it focuses on recent empirical contributions. It first discusses what methodologies and data have facilitated these contributions, and then presents critical...

Persistent link: https://www.econbiz.de/10012914731

Norms, Enforcement, and Tax Evasion

Besley, Timothy - 2019

This paper studies individual and social motives in tax evasion. We build a simple dynamic model that incorporates these motives and their interaction. The social motives underpin the role of norms and is the source of the dynamics that we study. Our empirical analysis exploits the adoption in...

Persistent link: https://www.econbiz.de/10012891789

Economic Analysis of the General Structure of the Law

Shavell, Steven - 2021

This paper contains a chapter on the general structure of the law from a forthcoming book, Foundations of Economic Analysis of Law (Harvard University Press, 2003). In this chapter, I consider basic features of the legal system, including whether the law directly constrains behavior or channels...

Persistent link: https://www.econbiz.de/10013220934

Optimal Law Enforcement with Self-Reporting of Behavior

Kaplow, Louis; Shavell, Steven - 2021

Self-reporting -- the reporting by parties of their own behavior to an enforcement authority -- is a commonly observed aspect of law enforcement, as in the context of environmental and safety regulation. We add self-reporting to the model of the control of harmful externalities through...

Persistent link: https://www.econbiz.de/10013223855

Private Versus Public Enforcement of Fines

Polinsky, A. Mitchell - 2021

The present paper analyzes the competitive, monopolistic, and public enforcement of fines allowing for the costs of enforcement to differ by the choice of the enforcer. There are a number of reasons to expect such differences. First, the benefits from coordinating enforcement -- for example,...

Persistent link: https://www.econbiz.de/10013224885

Specific Versus General Enforcement of Law

Shavell, Steven - 2021

The problem of optimal public enforcement of law is examined in a model in which two types of enforcement effort are distinguished: specific enforcement effort, activity devoted to apprehending and penalizing individuals who have committed a single type of harmful act; and general enforcement...

Persistent link: https://www.econbiz.de/10013227863

Carrots, Sticks and Broken Windows

Corman, Hope; Mocan, Naci - 2021

This paper investigates the impact of economics conditions (carrots) and sanctions (sticks) on murder, assault, robbery, burglary and motor vehicle theft in New York City, using monthly time-series data spanning 1974-1999. Carrots are measured by the unemployment rate and the real minimum wage;...

Persistent link: https://www.econbiz.de/10013235267

The Private Enforcement of Law

Landes, William M.; Posner, Richard A. - 2021

An important question in the economic study of enforcement is the appropriate, and the actual, division of responsibilities between public and private enforcers. This question has been brought into sharp focus recently by an article in which Gary Becker and George Stigler advocate the...

Persistent link: https://www.econbiz.de/10013243963