Tawada, Makoto; Hiraiwa, Eriko - In: Journal of Economic Integration 18 (2003), pp. 420-432
This paper re-examines Yoshida’s analysis (1993 and 1996) and draws further aspects of economic welfare within Bond and Chen's framework (1987). We show that an increase in fine that a firm pays could be a better policy than an intensification of internal inspection enforcement from a welfare...