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of fines on punishment and deterrence. Partial effects are effects on potential violators' and punishers' decisions when … punish, which in turn reduces the deterrence effect of high fines. Using a laboratory experiment, we identify these effects …. This interdependency is important since, in the case of legal uncertainty, higher fines may reduce the willingness to …
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of fines on punishment and deterrence. Partial effects are effects on potential violators' and punishers' decisions when … punish, which in turn reduces the deterrence effect of high fines. Using a laboratory experiment, we identify these effects …. This interdependency is important since, in the case of legal uncertainty, higher fines may reduce the willingness to …
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prevent the full internalisation of costs. A mechanism is proposed which guarantees an efficient outcome: monetary fines which …
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