Müller, Daniel; Schmitz, Patrick W. - In: Economics Letters 129 (2015) C, pp. 116-120
; i.e., larger fines for a first offense become enforceable. Should overdeterrence of repeat offenders now be reduced? We …When penalties for first-time offenders are restricted, it is typically optimal for the lawmaker to overdeter repeat … offenders. First-time offenders are then deterred not only by the (restricted) fine for a first offense, but also by the …