Deep Pocket Punishment of Corporate Crime.

Some kinds of corporate crime can be characterized as accidents, such as many types of environmental damage. These crimes are oflen expensive to deter because conviction costs are high and maximum fines are constrained by firms' ability to pay. The paper derives how enforcement costs can be reduced by switching from harm dependent to wealth dependent fines and by combining liability threats with regulation of firms' activity levels.

MoreLess

Year of publication:	1996
Authors:	Ognedal, T.
Institutions:	Økonomisk institutt, Universitetet i Oslo
Subject:	ENTERPRISES \| ENVIRONMENTAL POLICY

Check Google Scholar |

More access options

In German libraries (KVK)

I need help

More details

Series:	Memorandum.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Memorandum Number 22/1996 27 pages
Classification:	K30 - Other Substantive Areas of Law. General ; K32 - Environmental, Health, and Safety Law ; Q28 - Government Policy ; L21 - Business Objectives of the Firm
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005652189