Earlier quoted context omitted.
I'm curious what the fine level was relative to the income of the parents, and if the fine was viewed more as a convenience fee than a penalty. I'm thinking if the fine was raised to a high enough dollar amount, tardiness would again drop off, or at the very least, revenue would increase enough to justify hiring someone to stay late...
I don't think income plays into it. It converts the transaction of one of spending social capital (social mores, trust) to financial capital; social capital, IMHO, is harder to acquire, therefore far more valuable. Anyways, because you asked: http://rady.ucsd.edu/faculty/directory/gneezy/pub/docs/fine.... "It is true that a ‘‘large enough’’ fee would eventually reduce the behavior. For instance, many day-care centers…
Re: Contact Ben Horowitz for $20
#111The daycare we enrolled our kid at has a $12 fee for every 15 minutes past their closing time. I think that's priced steep enough to discourage, and also on par with having to pay two adults to stay later (they have a two adults with the children at all times policy).