Construct · 1 fields · 1 citations

optimal mix of fines and imprisonment: a standalone construct

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Law and economics

the result that socially costly imprisonment should be used only after monetary fines have been raised to the limit of the offender's wealth.

In law and economics, optimal mix of fines and imprisonment refers to the result that socially costly imprisonment should be used only after monetary fines have been raised to the limit of the offender's wealth. This meaning comes from Polinsky (1984) in Journal of Public Economics.[1]

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limit3 fields · 3 citationsjingle · one word, three constructs

References

Polinsky, A. M., & Shavell, S. (1984). The optimal use of fines and imprisonment. Journal of Public Economics, 24(1), 89-99. https://doi.org/10.1016/0047-2727(84)90006-9

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