Posts Tagged ‘penalty’

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    A Fine That Backfired

    May 5, 12 • 246 Views • Behavioral Economics, Households, Regulation, Thinking Economically, UncategorizedNo Comments

    Sometimes, deterrents won’t work. Our story begins at several Israeli day-care centers. Because some parents were picking up their children after dismissal time, two economists suggested a fine. To their surprise, the number of latecomers more than