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We consider the role of asymmetric information on the emergenceof collusion between criminals and enforcers, in the framework proposed by Bowles and Garoupa (1997) and Polinsky and Shavell (2001). Our paper proposes that the optimal criminal sanction for the underlying o®ense is not necessarily...
Persistent link: https://www.econbiz.de/10011257930
This paper modifies a standard model of law enforcement to allow for learning by doing. We incorporate the process of enforcement learning by assuming that the agency’s current marginal cost is a decreasing function of its past experience of detecting and convicting. The agency accumulates...
Persistent link: https://www.econbiz.de/10011259395
We show that the probability of apprehension and punishment is usually reduced in a framework with asymmetric information, leading to more offenses being committed. A positive correlation between crime and asymmetry of information in the enforcement process is established. Some suggestions...
Persistent link: https://www.econbiz.de/10011113598
We consider the role of asymmetric information on the emergence of collusion between criminals and enforcers, in the framework proposed by Bowles and Garoupa (1997) and Polinsky and Shavell (2001). Our Paper proposes that the optimal criminal sanction for the underlying offense is not...
Persistent link: https://www.econbiz.de/10005124218
Persistent link: https://www.econbiz.de/10005705270
In this paper, we focus on the problem created by asymmetric information about the enforcer's (agent's) costs associated to enforcement expenditure. This adverse selection problem affects optimal law enforcement because a low cost enforcer may conceal its information by imitating a high cost...
Persistent link: https://www.econbiz.de/10005707941
We incorporate the process of enforcement learning by assuming that the agency's current marginal cost is a decreasing function of its past experience of detecting and convicting. The agency accumulates data and information (on criminals, on opportunities of crime) enhancing the ability to...
Persistent link: https://www.econbiz.de/10005708003
Persistent link: https://www.econbiz.de/10005674372
Persistent link: https://www.econbiz.de/10007663217
Persistent link: https://www.econbiz.de/10007757617