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On the Complementarity between Law and Social Norm : A Model Analysis with Special Reference to the Liability Rule for Tort
Tsuneki, Atsushi - 2010
How the law and the social norm interact with each other in the legalized modern society, whether the law completely replaces the pre-existing social norm or they coexist, and whether their interaction achieves an efficient system of social rules or there is innate inefficiency, have remained...
Persistent link: https://www.econbiz.de/10013149376
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The effect of self-awareness and competition on dishonesty
Çıbık, Ceren Bengü; Sgroi, Daniel - 2021
-registered experiment with 1,260 subjects. In the first wave we vary the level of awareness of subjects' past dishonesty and explore the …
Persistent link: https://www.econbiz.de/10012494900
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Liability Rules and Prevention for Risky and Ambiguous Activities : Theory and Experimental Evidence
Boun My, Kene; Lampach, Nicolas; Spaeter, Sandrine - 2021
. Consonant with our theory, we obtain that limited liability stimulates subjects' investment in prevention in comparison to …We develop a formal model to compare the incentive effect of strict liability rules in a risky and ambiguous … prevention. To assess our theoretical predictions, we design a lab experiment by varying the legal regime and the environment …
Persistent link: https://www.econbiz.de/10013245286
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Deviant or Wrong? The Effect of Norm Information on the Efficacy of Punishment
Bicchieri, Cristina; Dimant, Eugen; Xiao, Erte - 2021
Research examining the effect of weak punishment on conformity indicates that punishment can backfire and lead to suboptimal social outcomes. We examine whether this effect is due to a lack of perceived legitimacy of rule enforcement, which would enable agents to justify selfish behavior. We...
Persistent link: https://www.econbiz.de/10013241623
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Deviant or Wrong? The Effects of Norm Information on the Efficacy of Punishment
Bicchieri, Cristina; Dimant, Eugen; Xiao, Erte - 2021
A stream of research examining the effect of punishment on conformity indicates that punishment can backfire and lead to suboptimal social outcomes. We examine whether this effect is due to a lack of perceived legitimacy of rule enforcement, enabling agents to justify selfish behavior. We...
Persistent link: https://www.econbiz.de/10013248729
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When Underconfident Behavior is Norm : Some Experimental Evidences from the Calibration Analysis
Fajfar, Pablo Francisco; Gurman, Natacha - 2009
The over/underconfidence behavior has been explained as a bias of the cognitive process in the decision maker. Such bias has been mainly justified by the difficulty of the task or the problem to decide upon. It’s the so called 'hard-easy effect' (Lichtenstein and Fischhoff, 1977). In this...
Persistent link: https://www.econbiz.de/10014204693
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Deviant or Wrong? The Effects of Norm Information on the Efficacy of Punishment
Bicchieri, Cristina; Dimant, Eugen; Xiao, Erte - 2021
Research examining the effect of weak punishment on conformity indicates that punishment can backfire and lead to suboptimal social outcomes. We examine whether this effect is due to a lack of perceived legitimacy of rule enforcement, which would enable agents to justify selfish behavior. We...
Persistent link: https://www.econbiz.de/10013228854
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Deterrence by Imperfect Sanctions – A Public Good Experiment
Engel, Christoph - 2013
Sanctions are often so weak that a money maximizing individual would not be deterred. In this paper I show that they may nonetheless serve a forward looking purpose if sufficiently many individuals are averse against advantageous inequity. Using the Fehr/Schmidt model (QJE 1999) I define three...
Persistent link: https://www.econbiz.de/10013081462
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Deterrence by imperfect sanctions : a public good experiment
Engel, Christoph - 2013
punishment helps sustain cooperation if participants experience free-riding. -- deterrence ; public good experiment ; inequity …
Persistent link: https://www.econbiz.de/10009742336
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Controlling product risks when consumers are heterogeneously overconfident : producer liability vs. minimum quality standard regulation
Baniak, Andrzejj; Grajzl, Peter - 2014
, we contrast producer liability and minimum quality standard regulation as alternative means of social control of product … relative desirability of strict liability vis-à-vis minimum quality standard regulation from a social welfare standpoint. We … also clarify when and why joint use of strict liability and minimum quality standard regulation welfare dominates the …
Persistent link: https://www.econbiz.de/10010413791