Jellal, Mohamed and Garoupa, Nuno (2002): A Note on Optimal Law Enforcement under Asymmetric Information. Published in: European Journal of Law and Economics No. 14:5-13,2002
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We 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.
|Item Type:||MPRA Paper|
|Original Title:||A Note on Optimal Law Enforcement under Asymmetric Information|
|Keywords:||fine, probability of detection, asymmetry of information|
|Subjects:||D - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D82 - Asymmetric and Private Information; Mechanism Design
K - Law and Economics > K4 - Legal Procedure, the Legal System, and Illegal Behavior > K42 - Illegal Behavior and the Enforcement of Law
|Depositing User:||Mohamed Jellal|
|Date Deposited:||30. Apr 2012 11:43|
|Last Modified:||13. Feb 2013 08:44|
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