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/settlement fines and court liability. In this optimum, injurers self-select by appealing (or not) to the court process; liability takes … a 'threshold' form, assessing maximal liability when damages are high and zero liability otherwise; and, vis-a-vis a …
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When one victim's precautions against crime have spillover benefits to other victims, individuals do not take the socially optimal amount of precaution. I explore the use of criminal sanctions as a mechanism to correct this: Criminals are punished based on the level of precaution taken by the...
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When one victim's precautions against crime have spillover benefits to other victims, individuals do not take the socially optimal amount of precaution. I explore the use of criminal sanctions as a mechanism to correct this: Criminals are punished based on the level of precaution taken by the...
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