A Model of Optimal Fines for Repeat Offenders
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Description
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 the offense. In the case fully analyzed it may be optimal to punish repeat offenders more severely than first-time offenders. In another case, it may be optimal to impose less severe penalties on repeat offenders. And in the two remaining cases, the optimal penalty does not change.
Source Publication
Governance by Legal and Economic Measures
Source Editors/Authors
Peder Andersen, Vibeke Jensen, Jørgen Birk Mortensen
Publication Date
1993
Recommended Citation
Polinsky, A. Mitchell and Rubinfeld, Daniel L., "A Model of Optimal Fines for Repeat Offenders" (1993). Faculty Chapters. 1862.
https://gretchen.law.nyu.edu/fac-chapt/1862
