English
 
Help Privacy Policy Disclaimer
  Advanced SearchBrowse

Item

ITEM ACTIONSEXPORT
 
 
DownloadE-Mail
 DetailsSummary
  Fines versus Damages: Experimental Evidence on Care Investments

Baumann, F., Friehe, T., & Langenbach, P. (2020). Fines versus Damages: Experimental Evidence on Care Investments.

Item is

 

show all hide all

Basic

show hide
Item Permalink: https://hdl.handle.net/21.11116/0000-0006-5E7C-7 Version Permalink: https://hdl.handle.net/21.11116/0000-0006-62A2-4
Genre: Paper

Files

show Files

Locators

show
hide
Locator:
https://www.coll.mpg.de/pdf_dat/2020_08online.pdf (Any fulltext)
Description:
-
OA-Status:

Creators

show
hide
 Creators:
Baumann, Florian, Author
Friehe, Tim, Author
Langenbach, Pascal1, Author           
Affiliations:
1Max Planck Institute for Research on Collective Goods, Max Planck Society, ou_2173688              

Content

show
hide
Free keywords: Externality, Care, Liability, Damages, Fine
 JEL: H62 - Deficit; Surplus
 JEL: K42 - Illegal Behavior and the Enforcement of Law
 Abstract: 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 standard theory predicts no difference in behavior, we find that potential injurers invest substantially more money in accident prevention when they are subject to damages instead of a fine. We discuss possible behavioral channels that may explain our findings.

Details

show
hide
Language(s):
 Dates: 2020-05-12
 Publication Status: Published online
 Pages: -
 Publishing info: Bonn : Max Planck Institute for Research on Collective Goods, Discussion Paper 2020/8
 Table of Contents: -
 Rev. Type: -
 Identifiers: Other: 2020/8
 Degree: -

Event

show

Legal Case

show

Project information

show

Source

show