| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10249 |
| DP10249 Overdeterrence of repeat offenders when penalties for first-time offenders are restricted | |
| Patrick W. Schmitz | |
| 发表日期 | 2014-11-16 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | When penalties for first-time offenders are restricted, it is typically optimal for the lawmaker to overdeter repeat offenders. First-time offenders are then deterred not only by the (restricted) fine for a first offense, but also by the prospect of a large fine for a subsequent offense. Now suppose the restriction on penalties for first-time offenders is relaxed; i.e., larger fines for a first offense become enforceable. Should overdeterrence of repeat offenders now be reduced? We show that this is the case only if the original restriction was not very strong. Otherwise, overdeterrence of repeat offenders should actually be further amplified. |
| 主题 | Industrial Organization |
| 关键词 | Incentives Law enforcement Limited liability Penalties Repeat offenders |
| URL | https://cepr.org/publications/dp10249 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/539082 |
| 推荐引用方式 GB/T 7714 | Patrick W. Schmitz. DP10249 Overdeterrence of repeat offenders when penalties for first-time offenders are restricted. 2014. |
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