Showing 1 - 10 of 28
This paper contributes to the literature on private law enforcement by proposing a novel solution to the problem of underenforcement by monopolistic enforcers. Monopolistic enforcers underinvest in fine collection because, by maximizing net expected revenue, they ignore the social benefits of...
Persistent link: https://www.econbiz.de/10008623521
Ethnicity is an important institution and one that impacts on the quality of governance. This paper focuses on the behavior of ethnic groups and specifically on their impact on the provision of public goods. The paper shows that ethnic heterogeneity results in under-provision of non-excludable...
Persistent link: https://www.econbiz.de/10005838980
Do Kenyans vote according to ethnic identities or policy interests? Based on results from a national probability sample survey conducted in the first week of December 2007, this article shows that, while ethnic origins drive voting patterns, elections in Kenya amount to more than a mere ethnic...
Persistent link: https://www.econbiz.de/10005800259
What might have caused the post-2007 election violence in Kenya? Was it election irregularities as widely claimed or could it have been simmering ethnic-rivalries waiting to spill over? While not directly focusing on the post-election violence, we investigate a number of issues that divided...
Persistent link: https://www.econbiz.de/10005746134
Asset forfeiture laws allow the seizure of assets used in the commission of a crime. This paper examines the impact of such laws on deterrence by incorporating the possibility of asset forfeiture into the standard economic model of crime. When punishment is by a fine that can be optimally...
Persistent link: https://www.econbiz.de/10010888393
A regulatory taking occurs when a government regulation reduces the value of private property to such a degree that the owner is entitled to compensation under the Fifth Amendment Takings Clause. This chapter reviews legal and economic theories aimed at determining when a regulation crosses the...
Persistent link: https://www.econbiz.de/10009216365
The Supreme Court decision in Kelo v. New London (2005) authorized the use of eminent domain for economic redevelopment projects provided that there are sufficient spillover benefits to the public in the form of enhanced taxes and new jobs. This paper examines the economic basis for this...
Persistent link: https://www.econbiz.de/10008695152
Methods of tax collection employed by modern governments seem dull when compared to the rich variety observed in history. Whereas most governments today typically use salaried agents to collect taxes, various other types of contractual relationships have been observed in history, including...
Persistent link: https://www.econbiz.de/10005839018
This paper explores the advantages of focusing law enforcement on some locations when offenders can choose locations. The substitutability of different crimes from the offender's perspective is established as the key variable determining whether asymmetric enforcement is socially desirable. When...
Persistent link: https://www.econbiz.de/10010888386
Marginal deterrence concerns the incentives created by criminal penalties for oenders to refrain from committing more harmful acts. We show that when offenders act sequentially, it is often optimal for the level of the sanction, not just the expected sanction, to rise with the severity of the...
Persistent link: https://www.econbiz.de/10010888389