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will be sanctionable. Further, attorney's fees will be less available as a sanction even when a violation occurs. Other … than did the most common form of sanction under the 1983 Rule-an award of attorney's fees. Although both fines and fees …
Persistent link: https://www.econbiz.de/10012949644
Fines and damages are the principal sanctions of criminal, civil and regulatory law. Yet in law it does not matter who pays money sanctions. Damages overwhelmingly are paid by insurers and the cost of insurance premiums loaded into commodity prices and thus dispersed among consumers. Fines are...
Persistent link: https://www.econbiz.de/10014195511
The 1990s has been referred to as “the sanctions decade” with good reason. The UN Security Council imposed sanctions only twice up until 1989 - on Southern Rhodesia and South Africa - but then used sanctions well over a dozen times in the following decade, encompassing multiple Security...
Persistent link: https://www.econbiz.de/10014205427
sanctions as punishment under EC cartel law. It examines the traditional rationales of criminal punishment, demonstrating their … personal criminal sanction for cartel activity is necessary if one genuinely wishes to enforce the law in this area. More … this deficiency should be rectified through the use of criminal punishment as reinforcement for other less controversial …
Persistent link: https://www.econbiz.de/10014222896
We survey a representative sample of the U.S. population to understand stakeholders’ desire to see their firms exit Russia after the invasion of Ukraine. 61% of respondents think that firms should exit Russia, regardless of the consequences. Only 37% think that leaving Russia is a purely...
Persistent link: https://www.econbiz.de/10014237512
Some theorists argue that a complete understanding of criminal punishment presupposes a theory of state power. Since … be punished cannot in itself justify the infliction of punishment by the state, as non-state agents could presumably give … people their just deserts. One way of addressing the plea for a theory of state power would be to suggest that state …
Persistent link: https://www.econbiz.de/10014054058
It is a widely accepted conclusion of the economic literature on optimal law enforcement that nonmonetary sanctions should be introduced only when fines have been used up to their maximum extent. In this paper it is shown that when the sanctioning policy conveys information about the harmfulness...
Persistent link: https://www.econbiz.de/10014054119
the participant imposing the sanction and the individual receiving the sanction. Rewards represent a zero sum transfer … from participants giving to those receiving rewards. We contrast reward and sanction institutions in regard to their impact …
Persistent link: https://www.econbiz.de/10014055629
enforcement for three different forms of corporate misconduct by combining approaches from the economic theory of crime and … governments have a disinclination to sanction firms whose crime materializes abroad, and why leniency for those who self …
Persistent link: https://www.econbiz.de/10014079635
Punishment causes reputational losses in addition to more tangible losses. Lowering the probability of punishment … the certainty rather than the severity of punishment even absent risk-seeking offenders (positive), which causes extreme … optimal enforcement is 'anti-Beckerian': Punishment is symbolic and detection costs are incurred solely to provide …
Persistent link: https://www.econbiz.de/10014091075