Hauret, Laetitia; Langlais, Eric; Sonntag, Cartine - Centre Européen de Recherche en Économie Financière … - 2009
Our paper addresses the question of the deterrent effect of a monetary sanction associated to a collective rather than an individual liability, when crimes are realized within a hierarchical gang (defined as a criminal organization where the leader is a sleeping partner, and several agents are...