Compliance with prevailing accounting standards is induced if the expected disadvantage due to sanctions imposed if non-compliance is detected outweighs the advantage of non-compliant accounting choices.(...)

This paper deals with the impact of insider trading legislation on corporate governance.

Ziel dieser Arbeit ist es, in die ökonomische Analyse des Versicherungsbetrugs einzuführenund einige grundlegende Determinanten für vertragswidriges Verhalten von Versicherungsnehmern aufzuzeigen. Dazu werden zunächst die strategischen Entscheidungsprobleme von Versicherungsneh-mern und...

This paper analyzes the relation between the quality of the legal enforcement of loan contracts and the allocation of credit to households, both theoretically and empirically.

We analyze the dynamics of neighbourhood watch programs in a local interaction framework. Agents can watch their neighbours' houses and thus deter burglars from breaking in....

This paper examines the determinants of informal sanctions by a large number of experiments.

This paper analyzes the relation between the quality of the legal enforcement of loan contracts and the allocation of credit to households, both theoretically and empirically. We use a model of household credit market with secured debt contracts, where the judicial system affects the cost...

This paper investigates the relation between social capital and crime. The analysis contributes to explaining why crime is so heterogeneous across space. By employing current and historical data for Dutch municipalities and by providing novel indicators to measure social capital, we find a link...

Der vorliegende Beitrag skizziert ein ordonomisches Diskussionsangebot zur Korruptionspräventiondurch und in Unternehmen. Hierzu nimmt er sowohl eine wirtschaftsethische(Korruptionsprävention durch Unternehmen) als auch unternehmensethische Perspektiveein (Korruptionsprävention in...

We propose a simple model of trade outside the law preyed on by robbers and possiblyprotected by private cops. We establish the conditions for trade collapse, secure trade andinsecure trade. Endogenous predation and enforcement can explain both puzzling failures ofcommonly observed state...