Optimal Sanctions When Individuals are Imperfectly Informed About the Probability of Apprehension
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This paper considers optimal enforcement when individuals may be imperfectly informed about the probability of apprehension. When individuals are perfectly informed, optimal sanctions are maximal because, as Gary Becker (1968) suggested, society can economize on enforcement resources by reducing the
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美国国家经济研究局创建时间：
1992-05-01
