Optimal Fines and Auditing When Wealth is Costly to Observe
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This article studies optimal fines when an offender's wealth is private information that can be obtained by the enforcement authority only after a costly audit. I derive the optimal fine for the underlying offense, the optimal fine for misrepresenting one's wealth level, and the optimal audit
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美国国家经济研究局创建时间：
2004-09-01
