Directory UMM :Data Elmu:jurnal:I:International Review of Law and Economics:Vol20.Issue3.2000:
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By exempting from forfeiture illegal gains that have been reinvested in legal activities, the government might reduce criminal offenses in the future.. However, the operation
Given an insignificant deterrence effect of the repeated punishment, both an increase in the time horizon and in the length of the prison term spelled out in either of the two
As we saw above, when land rents are expected to rise over time, the current rent is likely to be well below the cost of a mortgage payment on the market value of the land..
Fifth, the government can foster the creation of norms. In the case of coordination norms, the government can promulgate the new norm, as in the examples we gave earlier. When guilt
Our main findings are twofold: (1) when the agents are free from the potential of bankruptcy, strict liability of the principal achieves the highest level of social welfare, and
P ROPOSITION 1: Optimal multiproduct retailing under conditions of imperfect consumer infor- mation and imperfect competition between retailers induces loss leading on a subset
Lehn and Poulsen (1991), commenting on Crabbe’s results, identify this bias as they state, “unfortunately, these are conservative estimates since the presence of event-risk cove-
Although concrete evidence is not obtained as to whether the exchange rates are fractionally cointegrated, the d estimates of the error correction term suggest that the exchange
