The optimal use of fines and imprisonment

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The Optimal Use of Fines and Imprisonment

This paper examines the use of tines and imprisonment to deter individuals from engaging in harmful activities. These sanctions are analyzed separately as well as together, first for identical risk-neutral individuals and then for two groups of risk-neutral individuals who differ by wealth. When fines are used alone and individuals are identical, the optimal tine and probability of apprehension...

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ژورنال

عنوان ژورنال: Journal of Public Economics

سال: 1984

ISSN: 0047-2727

DOI: 10.1016/0047-2727(84)90006-9