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Optimal Law Enforcement and Imperfect Information When Wealth Varies among Individuals

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Author Info
Garoupa, Nuno

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Abstract

There 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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Publisher Info
Article provided by London School of Economics and Political Science in its journal Economica.

Volume (Year): 65 (1998)
Issue (Month): 260 (November)
Pages: 479-90
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Handle: RePEc:bla:econom:v:65:y:1998:i:260:p:479-90

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  1. Motta, Alberto & Burlando, Alfredo, 2007. "Self reporting reduces corruption in law enforcement," MPRA Paper 5332, University Library of Munich, Germany, revised 19 Jan 2008. [Downloadable!]
    Other versions:
  2. A. Mitchell Polinsky, 2004. "The Optimal Use of Fines and Imprisonment When Wealth is Unobservable," NBER Working Papers 10761, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  3. A. Mitchell Polinsky, 2004. "Optimal Fines and Auditing When Wealth is Costly to Observe," NBER Working Papers 10760, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  4. Avner Bar-Ilan & Bruce Sacerdote, 2001. "The Response to Fines and Probability of Detection in a Series of Experiments," NBER Working Papers 8638, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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This page was last updated on 2009-12-18.


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