Sandra, Rousseau; Carole, Billiet - Centrum voor Economische Studiën, Faculteit Economie … - 2005
We build a structural model to understand the fine set in court, which is described as the outcome of a two-stage game between defendant, public prosecutor and judge. The equilibrium fine depends on the harm caused, the costs to society and the probalility that the quilty party is punished. This...