The Distributional Impact of Statewide Property Tax Relief: the Michigan Case

This study uses data from a random survey of 2001 Michigan households to analyze the extent to which the Michigan ctreuit-breaker has been successful in reducing the income regressivity of the property tax and in changing relative property tax burdens. Because of its relatively extensive coverage, including renters as well as homeowners and the nonaged as well as the aged, the circuit-breaker has yielded a more equal distribution of income within Michigan. Its potential to change the distribution of income depends on the particular formula utilized, but redistributional effects have thus far been lamited because program participation has been positively correlated with income. To the extent that reductions in the price ofpublic services created by the circuit-breaker are perceived by households, the biggest stimulus appears to be in high property tax/high-income countiesPeer Reviewedhttp://deepblue.lib.umich.edu/bitstream/2027.42/68848/2/10.1177_109114218301100201.pd

Preface

Law and Education

On the Use of Targeting to Reduce Moral Hazard in Agri-environmental Schemes

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A law and economics perspective on terrorism

This paper reviews the existing law and economics literature on crime, noting where various models might apply to the terror context. Specifically, it focuses on two strands of the literature, deterrence and incapacitation. It considers anti-terror measures enacted by different countries, highlighting how the details of the laws correspond to the insights from economic models of crime. In conclusion, the paper proposes an efficient sorting mechanism in which individuals will be provided with incentives to reveal their type to law enforcement authorities. Copyright Springer Science+Business Media B.V. 2006Terrorism, Penalty enhancements, Communal liability, Organized crime, Basic crime model, Deterrence, Incapacitation,

Risk Tolerance and Social Awareness: Adapting Deterrence Sanctions to Agent Populations

Normative environments for multi-agent systems provide means to monitor and enforce agents' compliance to their commitments. However, when the normative space is imperfect, contracts to which norms apply may be Unbalanced, and agents may exploit potential flaws to their own advantage. In this paper we analyze how a normative framework endowed with a simple adaptive deterrence sanctioning model responds to different agent populations. Agents are characterized by their risk tolerance and by their social attitude. We show that risk-averse or socially concerned populations cause lesser deterrence sanctions to be imposed by the normative system

The optimal negligence standard in health care under supply-side cost sharing

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