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Punishment fosters efficiency in the minimum effort coordination game

Le Lec, Fabrice; Matthey, Astrid; Rydval, Ondérej - 2012

Using a laboratory experiment, we examine whether informal monetary sanctions can lead to better coordination in a repeated minimum effort coordination game. While most groups first experience inefficient coordination, the efficiency increases substantially after introducing an ex post...

Persistent link: https://www.econbiz.de/10010291833

Does the Iranian oil supply matter for the oil prices?

Farzanegan, Mohammad Reza - 2012

There is an increasing tension between the Iranian Government and the west on an increasingly likely European oil embargo and the Iranian threat to close the Strait of Hormuz. The main question is: What will happen to the international oil prices in the case of shocks in the flow of Iranian oil...

Persistent link: https://www.econbiz.de/10010294407

The Design of (De)centralized Punishment Institutions for Sustaining Co-operation

Kosfeld, Michael; Riedl, Arno - 2004

This discussion paper has resulted in the publication (2007) 'Order without law? Experimental evidence on voluntary cooperation and sanctioning', 2007, KritV - Kritische Vierteljahresschrift fur Gesetzgebung und Rechtswissenschaft, 90, 1-2, 140-155.In this paper we discuss experimental evidence...

Persistent link: https://www.econbiz.de/10010325435

The Tragedy of Corruption

Chen, Yefeng; Jiang, Shuguang; Villeval, Marie Claire - 2016

We investigate corruption as a social dilemma by means of a bribery game in which a risk of collective sanction of the … over time. Reducing the size of the groups while increasing the probability of collective sanction diminishes the officials …

Persistent link: https://www.econbiz.de/10011559603

The enforcement of mandatory disclosure rules

Dahm, Matthias; González, Paula; Porteiro, Nicolás - 2016

This paper examines the incentives of a firm to invest in information about the quality of its product and to disclose its findings. If the firm holds back information, it might be detected and fined. We show that optimal monitoring is determined by a trade-off. Stricter enforcement reduces the...

Persistent link: https://www.econbiz.de/10011688529

The enforcement of mandatory disclosure rules

Dahm, Matthias; González, Paula; Porteiro, Nicolás - 2016

Persistent link: https://www.econbiz.de/10011688544

Financial impact of regulatory sanctions on French listed companies

de Batz, Laure - 2018

named in a sanction report, as an offender, an acquitted, or a victim of others' financial misconduct conveys information to … after both the sanction decision, and its publication (respectively -0.9% and -1.1% from the day preceding the event until 3 … correction on the market, depending on the step of the procedure. Finally, companies named in a sanction report as victims of …

Persistent link: https://www.econbiz.de/10012063456

Financial crime spillovers: Does one gain to be avenged?

de Batz, Laure - 2019

This paper examines the spillovers of the sanction procedures on listed companies which were victims of others … suffer, on average, significant negative abnormal returns after the sanction. Naming victims hence may possibly be synonym of …

Persistent link: https://www.econbiz.de/10012063507

Cheap talk? Financial sanctions and non-financial activity

Besedeš, Tibor; Goldbach, Stefan; Nitsch, Volker - 2018

Sanctions restrict cross-border interactions and, therefore, not only put political and economic pressure on the target country, but they also adversely affect the sender country. This paper examines the effect of financial sanctions on the country imposing them. In particular, we analyze the...

Persistent link: https://www.econbiz.de/10011846671

Cheap Talk? Financial Sanctions and Non-Financial Activity

Besedeš, Tibor; Goldbach, Stefan; Nitsch, Volker - 2018

Persistent link: https://www.econbiz.de/10011872126