Economics

Public and Private LawCarrots and TortsCarrots and Torts - An IntroductionLaw contributes extensively towards the shaping up of the guild influencing individual behavior and guiding the general path towards a peaceful and harmonious coexistence . Human behavior is largely influenced by inducements or incentives to act in a desired stylus Incentives can be both positive as in rewards or bonuses referred to as carrots and negative as in fines or penalties referred to as sticksAn observation of the legal environment in our hostel reveals that the laws enforced focus more on the sticks than the carrots . It imposes fines , penalties , duties on lawbreakers along with threats of prison terms and license confiscation for serious offences . It has been such(prenominal) argued that instead of imposing negative threats , positive inducement mightiness work better for the societyThe lecture dwells on the fact sticks be more favorable in enforcing laws and dominates rather than dangling carrots . The lecturer feels that imposing fines or penalties atomic number 18 more effective in enforcing law than oblation rewards to individuals acting within the law . The arguments abandoned in this context relates to the fact that the number of individuals breaking the rule is much lesser than individuals working within the rules . This makes the task of identifying and penalizing the lawbreakers easier . yet , offering carrots to citizenry displaying appropriate behavior can counterpoise inapplicable consequences leading to more complexities . The law imposing fines on people not wearing seat belt illustrates this betoken . Instead of levying penalties on the lawbreakers if the people wearing seat belts are offered rewards , the situation might lead to many people tearaway(a) unnecessarily to gain monetarily Further , this can lead to uneffective driving and rising number of accidentsA lawmaker often debates on whether to influence social behavior through with(predicate) positive or negative inducements . The lecture presents various scenarios in which offering carrots inductive reasoning undesirable behavior within the community .

Sticks are considered banner in inducing behavior change and implementing laws effectively . The picking between carrots and sticks is based on the transaction cost tangled . Since the number of offenders is less than the number of individuals adjacent the rule the boilers suit cost of transaction involved in applying sticks is lower than offering carrotsHowever , the lecture presents a one-sided picture of the whole conjecture While sticks may deter offenders , rewarding people following the rule will boost good behavior . The carrots offered to kindle law effectiveness need not be fiscal but social benefits that can improve the lives and habits of the lawbreakersUse of Carrots and Sticks in miserable LawInstitutions and business enterprises make use of a combination of carrots and sticks attack to direct social behavior and trigger desired responses from people around them . Both positive and negative inducements can nominate desired results but there are many complexities and dilemmas to this trim down . A child can be threatened with undesirable consequences if he behaves badly whereas similar results can be achieved through rewarding when he is on good behavior . The objective...If you deficiency to get a full essay, order it on our website: Ordercustompaper.com

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