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Author: | Polinsky, A.M. |
Title: | The optimal use of fines and imprisonment when wealth is unobservable |
Journal: | Journal of Public Economics
2006 : MAY, VOL. 90:4-5, p. 823-835 |
Index terms: | distribution of wealth government microeconomics |
Language: | eng |
Abstract: | This article examines the use of fines and imprisonment sentences when the wealth of the offender is unobservable to the enforcement authority. The author develops a model with two types of offenders, high-wealth type and low-wealth type. The results of the study suggest that a relatively high imprisonment sentence must be accompanied by a low fine, so that high-wealth offenders will prefer to pay higher fine and bear a lower imprisonment sentence. |
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