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Thursday, July 23, 2020 | History

2 edition of note on optimal fines when wealth varies among individuals found in the catalog.

note on optimal fines when wealth varies among individuals

A. Mitchell Polinsky

note on optimal fines when wealth varies among individuals

by A. Mitchell Polinsky

  • 323 Want to read
  • 31 Currently reading

Published by National Bureau of Economic Research in Cambridge, MA .
Written in English

    Subjects:
  • Punishment in crime deterrence -- Economic aspects.,
  • Fines (Penalties) -- Mathematical models.,
  • Wealth -- Mathematical models.

  • Edition Notes

    StatementA. Mitchell Polinsky, Steven Shavell.
    SeriesNBER working paper series -- working paper no. 3232, Working paper series (National Bureau of Economic Research) -- working paper no. 3232.
    ContributionsShavell, Steven, 1946-, National Bureau of Economic Research.
    The Physical Object
    Pagination7 p. ;
    ID Numbers
    Open LibraryOL22436995M

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Note on optimal fines when wealth varies among individuals by A. Mitchell Polinsky Download PDF EPUB FB2

Get this from a library. A note on optimal fines when wealth varies among individuals. [A Mitchell Polinsky; Steven Shavell; National Bureau of Economic Research.]. Note on optimal fines when wealth varies among individuals. Cambridge, MA: National Bureau of Economic Research, [] (OCoLC) Material Type: Document, Internet resource: Document Type: Internet Resource, Computer File: All Authors / Contributors: A Mitchell Polinsky; Steven Shavell; National Bureau of Economic Research.

A Note on Optimal Fines When Wealth Varies Among Individuals A. Mitchell Polinsky, Steven Shavell. NBER Working Paper No. (Also Reprint No. r) Issued in January NBER Program(s):Law and Economics. Downloadable. 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. Downloadable (with restrictions). 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.

Despite the ability of individuals and firms to hide assets, prior analyses of optimal fines nearly universally assume that an offender's level of wealth is costlessly observable by the enforcement authority. 3 The contribution of this article is to consider optimal fines when an offender's wealth is private information that can be obtained by Cited by: The literature on defendant wealth and criminal justice makes the observation that wealth is used S.

ShavellThe optimal use of fines and imprisonment. Journal of Public Economics, 24 (), pp. Polinsky and Shavell, A.M. Polinsky, S. ShavellA note on optimal fines when wealth varies among individuals.

American Economic Cited by: 2. Implications for Optimal Cartel Fines, 80 TULANE L. REV. Some of the updates are found in John M. Some of the updates are found in John M. Connor and Robert H. Lande, The Size of Cartel Overcharges: Implications for U.S.

and EU Fining Policies 51Cited by: state dependence is a priori ambiguous. On the one hand, the marginal utility of consumption could decline with deteriorating health, as many consumption goods— such as travel—are complements to good health.

On the other hand, the marginal utility of consumption could increase with deteriorating health, as other consumption. In this paper, we characterize optimal regulatory policies composed of a pollution standard, a probability of inspection and a fine for non-compliance, in a context where both monitoring and sanctioning are socially costly, and the penalty may include gravity and non-gravity components at the regulator’s discretion.

Under given penalties, the optimal policy Cited by: Income and Wealth. Series V Hardcover – January 1, by ed. Kuznets, Simon (Author) See all formats and editions Hide other formats and editions. Price New from Used from Hardcover, "Please retry" — Author: ed.

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In the absence of unexpected default, borrowing does not allow the government to escape taxes in a present-value sense. But the choices of how much toFile Size: 21KB.

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