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Anger and enforcement
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Akerlof, Robert J. (2016) Anger and enforcement. Journal of Economic Behavior & Organization, 126 . pp. 110-124. doi:10.1016/j.jebo.2015.10.022 ISSN 0167-2681.
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WRAP_1074088-ec-110816-anger_and_enforcement_2-1-15.pdf - Accepted Version - Requires a PDF viewer. Download (688Kb) |
Official URL: http://dx.doi.org/10.1016/j.jebo.2015.10.022
Abstract
Observers who are angered by rule violations and punish violators often play a critical role in enforcement. Hence a key question is: when will noncompliance provoke anger, and when will it be excused? This paper develops a theory of rule compliance as the outcome of a two-person Bayesian game. The core of the model is its description of what constitutes an excuse. Noncompliance is excused when a “reasonable person” in similar circumstances would also have failed to comply. Phenomena explained include the role of “legitimacy” in enforcement; corruption traps; graduated sanctions for repeat offenders; and tolerance of self-interestedness in markets.
Item Type: | Journal Article | ||||||||
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Subjects: | B Philosophy. Psychology. Religion > BF Psychology H Social Sciences > HB Economic Theory |
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Divisions: | Faculty of Social Sciences > Economics | ||||||||
Library of Congress Subject Headings (LCSH): | Economics -- Psychological aspects, Rules (Philosophy), Bayesian statistical decision theory | ||||||||
Journal or Publication Title: | Journal of Economic Behavior & Organization | ||||||||
Publisher: | Elsevier BV * North-Holland | ||||||||
ISSN: | 0167-2681 | ||||||||
Official Date: | 10 November 2016 | ||||||||
Dates: |
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Volume: | 126 | ||||||||
Page Range: | pp. 110-124 | ||||||||
DOI: | 10.1016/j.jebo.2015.10.022 | ||||||||
Status: | Peer Reviewed | ||||||||
Publication Status: | Published | ||||||||
Access rights to Published version: | Restricted or Subscription Access | ||||||||
Date of first compliant deposit: | 12 August 2016 | ||||||||
Date of first compliant Open Access: | 10 May 2017 |
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