Showing 1 - 10 of 12
We consider legal obligations against a background of social norms, e.g., societal norms, professional codes of conduct or business standards. Violations of the law trigger reputational sanctions insofar as they signal non-adherence to underlying norms, raising the issue of the design of...
Persistent link: https://www.econbiz.de/10012891383
Persistent link: https://www.econbiz.de/10015140255
Persistent link: https://www.econbiz.de/10001472178
Persistent link: https://www.econbiz.de/10009504162
Persistent link: https://www.econbiz.de/10011742761
There is extensive literature on whether courts or legislators produce efficient rules, but which of them produces rules efficiently? The law is subject to uncertainty ex ante; uncertainty makes the outcomes of trials difficult to predict and deters parties from settling disputes out of court. In...
Persistent link: https://www.econbiz.de/10011349216
We compare fault-based and strict liability offences in law enforcement when behavior is influenced by informal prosocial norms of conduct. Fault tends to be more effective than strict liability in harnessing social or self-image concerns. When enforcement relies on fines and assessing fault is...
Persistent link: https://www.econbiz.de/10013015053
Persistent link: https://www.econbiz.de/10012298258
Persistent link: https://www.econbiz.de/10012171109
Persistent link: https://www.econbiz.de/10014461588