The Deterrence Effect of Fines:
The Bridges ofMadison County New Brunswick
The Bridges of
As I have often said, economics can be summarized in four words:
People respond to incentives.
And it makes sense that back before these bridges became historical sites, if people didn't want others to ride their horses on the bridge, they would levy a fine.
The Sawmill Creek Bridge
The signs are clearly reproductions of the originals, but it is fun to see them. Why did it matter so much to the bridge proprietors (typically county gubmnts) whether someone drove or walked their team of horses across the bridge?
And it makes sense that back before these bridges became historical sites, if people didn't want others to ride their horses on the bridge, they would levy a fine.
The Sawmill Creek Bridge
The signs are clearly reproductions of the originals, but it is fun to see them. Why did it matter so much to the bridge proprietors (typically county gubmnts) whether someone drove or walked their team of horses across the bridge?
Category: Economics, Property Rights Posted on
Tuesday, April 29, 2008 at 1:21pm
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