Showing 1 - 10 of 56
Persistent link: https://www.econbiz.de/10002650079
lower the deterrence of crime because such rewards diminish the disutility of imprisonment. I demonstrate that, despite this …
Persistent link: https://www.econbiz.de/10013020780
The present paper analyzes the competitive, monopolistic, and public enforcement of fines allowing for the costs of enforcement to differ by the choice of the enforcer. There are a number of reasons to expect such differences. First, the benefits from coordinating enforcement -- for example,...
Persistent link: https://www.econbiz.de/10013224885
This chapter surveys the theory of the public enforcement of law—the use of governmental agents (regulators, inspectors … apprehending violators? A variety of extensions of the central theory are then examined, including: activity level; errors; the …
Persistent link: https://www.econbiz.de/10014023510
This article surveys the theory of the public enforcement of law -- the use of public agents (inspectors, tax auditors …, police, prosecutors) to detect and to sanction violators of legal rules. We first present the basic elements of the theory … examine a variety of extensions of the central theory, concerning accidental harms, costs of imposing fines, errors, general …
Persistent link: https://www.econbiz.de/10012471807
This article derives the optimal award to a winning plaintiff and the optimal penalty on a losing plaintiff when the probability of prevailing varies among plaintiffs. Optimality is defined in terms of achieving a specified degree of deterrence of potential injurers with the lowest litigation...
Persistent link: https://www.econbiz.de/10012474438
This paper analyzes optimal fines in a model in which individuals can commit up to two offenses. The fine for the second offense is allowed to differ from the fine for the first offense. There are four natural cases in the model, defined by assumptions about the gains to individuals from...
Persistent link: https://www.econbiz.de/10012475266
Some of the costs of enforcing laws are fixed" - - in the sense that they do not depend on the number of individuals who commit harmful acts- -while other costs are "variable"- - they rise with the number of such individuals. This article analyzes the effects of fixed and variable enforcement...
Persistent link: https://www.econbiz.de/10012475601
An important result in the economic theory of enforcement is that, under certain circumstances, it is optimal for a …
Persistent link: https://www.econbiz.de/10012475805
This paper examines the use of fines and imprisonment to deter individuals from engaging in harmful activities. These sanctions are analyzed separately as well as together, first for identical risk-neutral individuals and then for two groups of risk-neutral individuals who differ by wealth. When...
Persistent link: https://www.econbiz.de/10012478175