Ben-Shahar, Omri; Bradford, Anu - In: American Law and Economics Review 15 (2012) 1, pp. 156-186
This article offers a new mechanism of private enforcement, combining sanctions and rewards into a scheme of "reversible rewards." The enforcing party sets up a pre-committed fund and offers it as reward to another party to refrain from violation. If the violator turns down the reward, the...