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This article analyzes public and private law enforcement when the government is motivated by rent seeking. A rent-seeking government seeks primarily to maximize revenue. The article concludes as follows: (1) if offenders have sufficient wealth, a rent-seeking government is more aggressive than a...
Persistent link: https://www.econbiz.de/10012761807
The article analyzes public and private law enforcement when the government is motivated partially or entirely by rent-seeking. The model compares and contrasts the optimal law enforcement policies chosen by a benevolent, social welfare-maximizing government and a self-interested, rent-seeking...
Persistent link: https://www.econbiz.de/10014147942
This article analyzes private law enforcement in an environment with corruption. The effect of corruption is studied both under the assumption of monopolistic enforcement by a single private enforcement agency and under the assumption of competitive enforcement by many private enforcers. In...
Persistent link: https://www.econbiz.de/10014207273