Differentiating Between First And Repeat Offenses
Abstract"I present a model where a regulator monitors compliance with a policy by a population of individuals, some of whom repeatedly prefer to violate the policy, while others only occasionally want to experiment. I show that the regulator can use sanctions, contingent on past violations of the policy, to differentiate between the agents and to improve welfare. Such punishment plans arise frequently in practice. As a result, a regulator prefers investing in enforcement rather than use maximal sanctions. "("JEL "K42, K14, L51) Copyright (c) 2008 Western Economic Association International.
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Bibliographic InfoArticle provided by Western Economic Association International in its journal Contemporary Economic Policy.
Volume (Year): 27 (2009)
Issue (Month): 1 (01)
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Find related papers by JEL classification:
- K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law
- K14 - Law and Economics - - Basic Areas of Law - - - Criminal Law
- L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
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- Thomas J. Miceli, 2012. "Escalating Interest in Escalating Penalties," Working papers 2012-08, University of Connecticut, Department of Economics.
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