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Fine reductions for self-reported offenses entail a potential trade-off. On the one hand, inducing offenders to self-report allows the social planner to save on enforcement costs and reduce harm through early detection. On the other hand, fine reductions may also reduce deterrence: offenders anticipate that if their detection probability turns out...
Why are COVID-19 mitigation strategies successful in reducing infections in some cases but not in others? Existing studies of individual policies tend to neglect the many interaction effects that arise when multiple policies are enacted simultaneously. Particularly, if a socially undesirable behavior has a close (and equally problematic) substitute...
How should we think about crime deterrence in times of pandemics? The economic analysis of crime tells us that potential offenders will compare the costs and the benefits from crime and from innocence and then choose whichever option is more profitable. We must therefore ask ourselves how this comparison is affected by the outbreak of a pandemic an...
Appellate judges face a trade-off when deciding whether to remand cases: delegating the decision power enables to transfer effort costs to the lower court, but may be costly in terms of ideological preferences and reputation costs. Our empirical analysis of federal cases reveals that this trade-off creates a ‘Subsequent Remand Effect’: cases remand...
Everybody is talking about Cryptocurrencies. These digital tokens, which began as a one-asset market, have swiftly ballooned into a massive and diverse “cryptomarket”. The cryptomarket is still mostly unregulated, but this is about to change, as a presidential executive order on “crypto strategy” reportedly lurks ahead. In light of the expected reg...
We analyze whether a benevolent regulator can improve welfare by imposing upper limits on fees that sellers can charge for returned products. When customers have neoclassical standard preferences, upper limits increase social welfare as return fees charged by suppliers are excessively high. By contrast, if an endowment effect causes customers to in...
We investigate theoretically and experimentally how the existence of an appeals system influences the judicial effort of judges in trial courts. We assume that judges care about correct decisions and face reputational losses in case of reversals by an appeals court. Our model suggests that the impact of appeals depends crucially on the degree with...
Poster presented at the AEA 2017
Presentation at the GLEA 2016
Presentation at the EPCS 2016