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Criminal law enforcement depends on the actions of public agents such as police officers, but the resulting agency problems have been neglected in the law and economics literature (especially outside the specific context of corruption). We develop an agency model of police behavior that...
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Becker's theory of crime, penalties must be at least as high as expected benefits to deter crimes. For example, we start by … personal benefits. In theory, deterrence to participate in cartel activities must be based both on the incentives of firms as a …
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