prevention when they are subject to damages instead of a fine. We discuss possible behavioral channels that may explain our …This paper studies the differential effects of fines and damages on people's investment in accident prevention. We … report results from a laboratory experiment in which monetary payoffs are maintained across the two policy instruments. While …

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 …

This article surveys the theory of the public enforcement of law--the use of public agents (inspectors, tax auditors …, police prosecutors) to detect and to sanction violators of legal rules. We first present the basic elements of the theory …, focusing on the probability of imposition of sanctions, the magnitude and form of sanctions, and the rule of liability. We then …

This chapter surveys the theory of the public enforcement of law—the use of governmental agents (regulators, inspectors … analysis addresses the following basic questions: Should the form of the sanction imposed on a liable party be a fine, an … imprisonment term, or a combination of the two? Should the rule of liability be strict or fault-based? If violators are caught only …

To encourage private actions for damages in antitrust cases some jurisdictions subtract a fraction of the redress from … the fine. We analyze the effectiveness of this policy. Such a rebate does not encourage settlement negotiations that would … the rebate has no effect on the leniency applicant: she doesn't pay a fine that can be reduced. The overall effect of a …

prevention when they are subject to damages instead of a fine. We discuss possible behavioral channels that may explain our …This paper studies the differential effects of fines and damages on people's investment in accident prevention. We … report results from a laboratory experiment in which monetary payoffs are maintained across the two policy instruments. While …

the punishment probability, but the quality of evidence does have an impact. Potential violators' decisions are strongly … influenced by the expected punishment probability but not by the level of the sanction. …

evidence on punishment preferences, in which subjects reveal a heterogeneous preference for punishing wrongdoers, our model … identifies circumstances in which “punitive” individuals (with stronger-than-average punishment preferences) will self …-select into law enforcement jobs that offer the opportunity to punish (or facilitate the punishment of) wrongdoers. Such “punitive …

In a world with risk-neutral agents, liability rules will only induce efficient behaviour if these rules impose the … are not related to the occurrence of an accident. Such a mechanism requires individuals to violate the standard of care in … order to trigger fine payments. Hence, efficiency needs an excessive standard. …