“…We argue that swiftness can serve as a useful tool for policy makers to design more efficient and/or potentially also less expensive institutional deterrence mechanisms. Naturally, the concepts of decision-making 1 Recent scholarly contributions have broadened this perspective and emphasized the importance of institutional structures, including staff rotations in the public administration, whistleblower protection, the bite of audits and formal punishment, and use of norm-nudge interventions (Shleifer & Vishny, 1993;Abbink, 2004;Nikiforakis, 2008;Sutter et al, 2010;Serra, 2011;Balafoutas & Nikiforakis, 2012;Abbink et al, 2014;Khadjavi, 2014;Engel et al, 2016;Buckenmaier et al, 2018;Bicchieri & Dimant, 2019;Hajikhameneh & Rubin, 2019;Dimant & Gesche, 2020). 2 Classically, celerity referred exclusively to the temporal delay of a potential sanction following a transgression.…”