A Fine is a Price
@article{Gneezy2000AFI, title={A Fine is a Price}, author={U. Gneezy and A. Rustichini}, journal={The Journal of Legal Studies}, year={2000}, volume={29}, pages={1 - 17} }
The deterrence hypothesis predicts that the introduction of a penalty that leaves everything else unchanged will reduce the occurrence of the behavior subject to the fine. We present the result of a field study in a group of day‐care centers that contradicts this prediction. Parents used to arrive late to collect their children, forcing a teacher to stay after closing time. We introduced a monetary fine for late‐coming parents. As a result, the number of late‐coming parents increased… CONTINUE READING
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