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threshold of legality is uncertain. I show that this legal uncertainty raises welfare. Legal uncertainty changes deterrence in …
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am able to shed light on enforcement behavior. I find that in parts of a city where drug penalties were weakened, there … consistent with police treating enforcement effort and punishment severity as complementary. I also find that citywide crime and … punishment and suggests that certain types enforcement can be reduced without incurring large public safety costs …
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This paper studies road safety and accident externalities when insurance companies have market power, and can influence road users' driving behaviour via insurance premiums. We obtain both welfare and profit maximizing marginal conditions for first- and second-best insurance premiums for...
Persistent link: https://www.econbiz.de/10010477906
The road safety literature is typified by a high degree of compartmentalization between studies that focus on infrastructure and traffic conditions and those devoted to the evaluation of public policies and regulations. As a result, few studies adopt a unified empirical framework in their...
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