Franckx, Laurent - In: Topics in Economic Analysis & Policy 2 (2002) 1, pp. 1026-1026
of ambient inspections.If the legislator imposes an infinite fine, commitment power and ambient inspections are perfect … the fine, ambient inspections and commitment power are complements. Indeed, if the agency does not conduct ambient … limits to the fine, this implies high inspection costs. However, if the agency conducts ambient inspections, it can announce …