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Fines versus prison for the issuance of bad checks: Evidence from a policy shift in Turkey

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dc.contributor.author Ekşi, Ozan
dc.contributor.author Gurdal, Mehmet Y.
dc.contributor.author Orman, Cuneyt
dc.date.accessioned 2019-05-23T05:53:21Z
dc.date.available 2019-05-23T05:53:21Z
dc.date.issued 2017-11
dc.identifier.citation Eksi, O., Gurdal, M. Y., & Orman, C. (2017). Fines versus prison for the issuance of bad checks: Evidence from a policy shift in Turkey. Journal of Economic Behavior & Organization, 143, 9-27. en_US
dc.identifier.issn 0167-2681
dc.identifier.other number of pages 19
dc.identifier.uri https://doi.org/10.1016/j.jebo.2017.09.004
dc.identifier.uri http://hdl.handle.net/20.500.11851/1104
dc.description.abstract We investigate whether the February 2012 amendments to the Check Law in Turkey that replaced imprisonment with administrative fines for issuing bad checks were a driver of the surge in bad checks since late 2011. As the change in the law was foreseen, we argue that check issuance behavior was altered before the new law became official. To capture this, we use the cumulative volume of internet search queries related to the upcoming legal change. We find that, unlike the case during the global financial crisis of 2008-09, the surge in bad checks occurring in 2011-12 cannot be accounted for by the state of the economic environment unless the effects of the February 2012 law change are also controlled for. We also provide evidence that economic agents adjust fairly rapidly to the legal change, which reverses the surge in bad checks within a year. Overall, our findings suggest that sanctions need not be harsh to deter non-violent offenses provided that appropriate institutional structures are in place. (C) 2017 Elsevier B.V. All rights reserved. en_US
dc.language.iso eng en_US
dc.publisher Elsevier Science Bv en_US
dc.rights info:eu-repo/semantics/closedAccess
dc.subject white-collar crime en_US
dc.subject bad checks en_US
dc.subject deterrence en_US
dc.subject checks en_US
dc.subject Turkey en_US
dc.subject decriminalization en_US
dc.title Fines versus prison for the issuance of bad checks: Evidence from a policy shift in Turkey en_US
dc.type article en_US
dc.relation.journal Journal Of Economic Behavior & Organization en_US
dc.contributor.department TOBB ETU, Faculty of Economics and Administrative Sciences, Department of Economics en_US
dc.contributor.department TOBB ETÜ, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümü tr_TR
dc.identifier.volume 143
dc.identifier.startpage 9
dc.identifier.endpage 27
dc.relation.tubitak Scientific and Technological Research Council of Turkey, TUBITAK [114K516] en_US
dc.contributor.orcid https://orcid.org/0000-0002-0167-8273
dc.identifier.wos WOS:000418970500002
dc.identifier.scopus 2-s2.0-85033669556
dc.contributor.tobbetuauthor Ekşi, Ozan
dc.identifier.doi 10.1016/j.jebo.2017.09.004
dc.relation.publicationcategory Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı tr_TR


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