A Model of Optimal Fines for Repeat Offenders
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This paper analyzes optimal fines in a model in which individuals can commit up to two offenses. The fine for the second offense is allowed to differ from the fine for the first offense. There are four natural cases in the model, defined by assumptions about the gains to individuals from committing
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美国国家经济研究局创建时间：
1991-06-01
