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punishment at age 18, mandated by law, has a deterrent effect on arrests. No deterrent effect was found on index, violent or …
Persistent link: https://www.econbiz.de/10010244876
Persistent link: https://www.econbiz.de/10010466980
Time overruns are common in public works and are not confined to inherently complex tasks. One explanation advanced in this paper is that bidders can undergo unpredictable changes in production costs which generate an option value of waiting. By exploiting the real-option approach, we examine...
Persistent link: https://www.econbiz.de/10009565538
This paper studies the effect of ambient light on crime, taking advantage of the daylight saving time (DST) policy, which imposes exogenous variations in daylight exposure at specific hours of the day. The paper uses a rich administrative database managed by Chile's national police, a...
Persistent link: https://www.econbiz.de/10012008399
We propose a theory studying temptation in presence of both externally and internally sanctioned prohibitions. Moral … optimally adhere to moral values of honesty. Incentives to be moral are non- monotonic in the crime premium. Larger external …
Persistent link: https://www.econbiz.de/10008729430
in the severity of judicial punishment imposed on Colombian adolescents, crime rates in Colombian municipalities …
Persistent link: https://www.econbiz.de/10010244164
Persistent link: https://www.econbiz.de/10012102477
suggest that the intervention prompted parts of the population to register and that monetary incentives may be …
Persistent link: https://www.econbiz.de/10012587563
cash transactions on buses. The results suggest a strong relationship between victims incentives, cash presence, and crime. …
Persistent link: https://www.econbiz.de/10012238333
The Prospect Theory proposes to assess outcomes relative to a reference point (or benchmark). Although the literature … recognises the relevance of dynamic benchmarks, most of the applications of Prospect Theory employ static reference points (or a … status quo). This paper aims to develop a Prospect Theory framework for investment under uncertainty subject to a dynamic …
Persistent link: https://www.econbiz.de/10003904295