A Note on Optimal Public Enforcement with Settlements and Litigation Costs
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This note reexamines the theory of optimal public enforcement when litigation costs are incurred if the defendant is prosecuted at trial, and when an out-of-court settlement is possible. Using a numerical example, it is shown that settlements and litigation costs can substantially alter the optimal
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美国国家经济研究局创建时间：
1986-12-01
