Showing 1 - 10 of 2,813
Using individual data on persons arrested in the Medellin Metropolitan Area, this paper assesses whether the change in punishment at age 18, mandated by law, has a deterrent effect on arrests. No deterrent effect was found on index, violent or property crimes, but a deterrence effect was found...
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This paper provides a quantitative comparison of the main architectures for an agreement on climate policy. Possible successors to the Kyoto protocol are assessed according to four criteria: economic efficiency; environmental effectiveness; distributional implications; and their political...
Persistent link: https://www.econbiz.de/10008798525
This paper addresses the issue of whether the powers of monitoring compliance and allocating tradeable emissions allowances within a federation of countries should be appointed to a unique federal regulator or decentralized to several local regulators. To this end, we develop a two stage game...
Persistent link: https://www.econbiz.de/10008799166
We study the timing of leniency applications using a novel application of multi-spell discrete-time survival analysis for a sample of cartels prosecuted by the European Commission between 1996 and 2014. The start of a Commission investigation does not affect the rate by which conspirators apply...
Persistent link: https://www.econbiz.de/10011435719
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theory. -- Climate change negotiations ; cooperative games ; stable coalitions ; selfenforcing mechanism …
Persistent link: https://www.econbiz.de/10009535614
We consider an inspection game between $n$ polluting firms and an environmental enforcement agency. If the cost of monitoring ambient pollution is low enough, the optimal inspection policy consists in imposing the maximal possible fine, and mixing between observing ambient pollution and not...
Persistent link: https://www.econbiz.de/10011597940
This paper addresses the conditions for setting up strict civil liability schemes. For that it compares the social … efficiency of two main civil liability regimes usually enforced to protect the environment: the strict liability regime and the … "capped strict liability scheme". First, it shows that the regulator faces an effective dilemma when he has to enforce one of …
Persistent link: https://www.econbiz.de/10008903426