Construct · 1 fields · 1 citations

optimal public enforcement of law: a standalone construct

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optimal publicenforcement of law1 CONSTRUCTOptimal publicPOLINSKY · LAW AND ECONOMICS

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Law and economics

the theory of choosing the probability of detection and the size of sanctions to minimize the total of harm, enforcement costs and sanctioning costs.

In law and economics, optimal public enforcement of law refers to the theory of choosing the probability of detection and the size of sanctions to minimize the total of harm, enforcement costs and sanctioning costs. This meaning comes from Polinsky (2000) in Journal of Economic Literature.[1]

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public enforcement1 fields · 1 citationsanchor · a standalone constructharm2 fields · 2 citationsjingle · one word, two carrierssize1 fields · 1 citationsanchor · a standalone construct

References

  1. Polinsky, A. M., & Shavell, S. (2000). The Economic Theory of Public Enforcement of Law. Journal of Economic Literature, 38(1), 45-76. https://doi.org/10.1257/jel.38.1.45

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