Dahm, Matthias; González, Paula; Porteiro, Nicolás - 2016
its findings. If the firm holds back information, it might be detected and fined. We show that optimal monitoring is …. Our model implies that (i) the probability of detection and the fine might be complements; (ii) the optimal monitoring … equilibrium and more stringent monitoring is costless, increasing the probability of detection might not be beneficial; and (iv …