| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5909 |
| DP5909 Behavioural Theories of the Business Cycle | |
| Sérgio Rebelo; Nir Jaimovich | |
| 发表日期 | 2006-10-23 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | The harm caused by many acts is not certain but probabilistic. Current public enforcement of the law combines harm-based sanctions (usually in criminal law) with act-based sanctions (very common in administrative law and regulation). We propose an economic theory of the choice between harm-based and act-based sanctions in public enforcement. The efficiency of act-based versus harm-based sanctions is analyzed and a typology of the determinants is drawn up. In the simple model with risk neutral offenders, both legal policies have the same deterrent level, but act-based sanctions end up punishing more people and the sanctions are lower. However when the assessment of the probability of harm diverges across individuals, the choice between harm-based or act-based sanctions depends on whether it is the enforcer or the average individual who is better informed. Legal policy implications are discussed. |
| 主题 | Public Economics |
| 关键词 | Harm-based sanction Act-based sanction Uncertain harm |
| URL | https://cepr.org/publications/dp5909 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534744 |
| 推荐引用方式 GB/T 7714 | Sérgio Rebelo,Nir Jaimovich. DP5909 Behavioural Theories of the Business Cycle. 2006. |
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