A Note on Optimal Law Enforcement under Asymmetric Information
Mohamed Jellal () and
Nuno Garoupa
MPRA Paper from University Library of Munich, Germany
Abstract:
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.
Keywords: fine; probability of detection; asymmetry of information (search for similar items in EconPapers)
JEL-codes: D82 K42 (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (4)
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Journal Article: A Note on Optimal Law Enforcement under Asymmetric Information (2002) 
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:38460
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