This paper studies the mental distress caused by bereavement. The largest emotional lossesare from the death of a spouse; the second-worst in severity are the losses from the death ofa child; the third-worst is the death of a parent...

We model a simple justice system in which a court is mandated by society to assess the guilt and the punishment of an accused. The court takes prison facilities as given and neglects its impact on the cost to society of implementing the sentence. Clearly, the court, in this world, will condemn...

We use a stylized model to show that, if transfers to the poor arefounded on a security argument, there is a negative trade-off betweenlaw enforcement expenditures and criminality. In contrast, if transfersare based on altruism, the correlation between the same variables mayappear positive. We...

Collusive agreements are often observed in procurement auctions. They are probablymore easily achieved when competitors’ costs are easily estimated. If, however, the individualcosts of bidders are private information, effective ring formation is difficult to realize.We compare experimentally...

We present an experimental study on the wasted resources associated with tax evasion. The waste arises from taxpayers and tax authorities, investing costly effort in concealment, respectively detect ion, of tax evasion. We show that (socially ineffcient) efforts depend positively on the...

Ziel dieser Arbeit ist es, in die ökonomische Analyse des Versicherungsbetrugs einzuführenund einige grundlegende Determinanten für vertragswidriges Verhalten von Versicherungsnehmernaufzuzeigen. Dazu werden zunächst die strategischen Entscheidungsprobleme von Versicherungsnehmernund...

We study the role of whistleblowing in the following inspectiongame. Two agents who compete for a prize can either behave legallyor illegally. After the competition, a controller investigates the agents’behavior. This inspection game has a unique Bayesian equilibriumin mixed strategies. We...

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...