Optimal Law Enforcement and Imperfect Information When Wealth Varies among Individuals
AbstractThere is a belief that imperfect information about the probability of punishment and severity of punishment weakens deterrence. The author assesses this belief concerning two specific implications: nonoptimal deterrence and severity of punishment. He concludes that it may well be the case that the introduction of imperfect information entails a more severe punishment when wealth varies among individuals. Copyright 1998 by The London School of Economics and Political Science
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Bibliographic InfoArticle provided by London School of Economics and Political Science in its journal Economica.
Volume (Year): 65 (1998)
Issue (Month): 260 (November)
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