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Stigmatization, liability and public enforcement of law
Buchen, Clemens; Deffains, Bruno; Palermo, Alberto - 2018
In the theory of public enforcement of law the choice of the liability rules is between strict liability and fault …-based liability. In this paper, we study the determinants of compliance when in addition to standard economic incentives wrongdoers … non-guiltiness standard - the fault standard equal to the deterrence level - is never optimal. In this scenario, we show …
Persistent link: https://www.econbiz.de/10011924592
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Legal uncertainty : a selective deterrent
Lang, Matthias - 2014 - This version: November 2014, initial version February 2010
I show that legal uncertainty, i.e., uncertainty about the legality of a specific action, has positive welfare effects. Legal uncertainty works as a screening device provided that the threshold of legality is uncertain. The uncertainty discourages controversial actions, while it encourages...
Persistent link: https://www.econbiz.de/10010429969
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The fog of fraud : mitigating fraud by strategic ambiguity
Lang, Matthias; Wambach, Achim - 2010
Most insurance companies publish few data on the occurrence and detection of insurance fraud. This stands in contrast to the previous literature on costly state verification, which has shown that it is optimal to commit to an auditing strategy, as the credible announcement of thoroughly auditing...
Persistent link: https://www.econbiz.de/10003971534
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Tort liability and unawareness
Chakravarty, Surajeet; Kelsey, David; Teitelbaum, Joshua C. - 2018
Persistent link: https://www.econbiz.de/10011898905
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An integrated theory of litigation and legal standards
Bustos, Álvaro - 2020
Persistent link: https://www.econbiz.de/10012252229
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Decomposition of accident loss and decoupled liability assignment : a class of negligence rules
Ghosh, Papiya; Kundu, Rajendra P. - 2021
Persistent link: https://www.econbiz.de/10013329368
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Corporate criminals in a market context : enforcement and optimal sanctions
Auriol, Emmanuelle; Hjelmeng, Erling; Søreide, Tina - 2023
Persistent link: https://www.econbiz.de/10014286698
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Law, finance, economic growth and welfare : why does legal origin matter?
Asongu, Simplice A. - 2011
This paper proposes and empirically validates four theories of why legal origin influences growth and welfare through finance. It is a natural extension of "Law and finance: why does legal origin matter?" by Thorsten Beck, Asli Demirgüç-Kunt and Ross Levine (2003). We find only partial support...
Persistent link: https://www.econbiz.de/10011410416
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On the design of criminal trials : the benefits of a three-verdict system
Siegel, Ron; Strulovici, Bruno - 2015 - Preliminary and incomplete
Persistent link: https://www.econbiz.de/10010487487
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The rationale for motions in the design of adjudication
Shavell, Steven - 2018
The conduct of adjudication is often influenced by motions––requests made by litigants to modify the course of adjudication. The question studied in this article is why adjudication should be designed so as to permit the use of motions. The answer developed is that litigants will naturally...
Persistent link: https://www.econbiz.de/10011923694