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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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