English, Article, Journal or magazine article edition: A Note on Optimal Fines When Wealth Varies Among Individuals A. Mitchell Polinsky; Steven Shavell

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/140704
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • A Note on Optimal Fines When Wealth Varies Among Individuals
Author
  • A. Mitchell Polinsky
  • Steven Shavell
Physical Description
  • preprint
Notes
  • An important result in the economic theory of enforcement is that, under certain circumstances, it is optimal for a fine to be as high as possible - to equal the entire wealth of individuals. Such a fine allows the probability of detection to be as low as possible, thereby saving enforcement costs. This note shows that when the level of wealth varies among individuals, the optimal fine generally is less than the wealth of the highest wealth individuals, and may well be less than the wealth of most individuals.
  • RePEc:nbr:nberwo:3232
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment