Assessing the Effects of Deterrence Mechanisms on Deforestation in the Brazilian Savanna
研究了威慑机制的多维度（惩罚的严重性、确定性和及时性）对巴西热带草原森林砍伐的遏制效果，发现严重性和官僚效率（体现为确定性和及时性）显著减少砍伐。
<h3>Abstract</h3> Deterrence mechanisms have garnered renewed interest as policy instruments to curb natural resources overexploitation. In this study deterrence is understood as inherently multidimensional, comprising the severity, celerity, and certainty of punishment. We employ an IV approach to econometrically assess the effectiveness of these dimensions in reducing deforestation in the Brazilian Savanna. The empirical results underscore the significance of severity, as well as the bureaucratic effectiveness, reflected in the certainty and celerity of enforcement, in curbing deforestation. These findings highlight the necessity of adopting a multidimensional legal and institutional framework to prevent deforestation in the region.