A Note on Optimal Law Enforcement under Asymmetric Information
AbstractWe show that the probability of apprehension and punishment is usually reduced in a framework with asymmetric information, leading to more offenses being committed. A positive correlation between crime and asymmetry of information in the enforcement process is established. Some suggestions concerning the efficiency of private versus public enforcement are drawn.
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Bibliographic InfoArticle provided by Springer in its journal European Journal of Law and Economics.
Volume (Year): 14 (2002)
Issue (Month): 1 (July)
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Web page: http://www.springerlink.com/link.asp?id=100264
fine; probability of detection; asymmetry of information;
Other versions of this item:
- Jellal, Mohamed & Garoupa, Nuno, 2002. "A Note on Optimal Law Enforcement under Asymmetric Information," MPRA Paper 38460, University Library of Munich, Germany.
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law
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