haku: @author Telle, K. / yhteensä: 2
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| Tekijä: | Nyborg, K. Telle, K. |
| Otsikko: | The role of warnings in regulation: keeping control with less punishment |
| Lehti: | Journal of Public Economics
2004 : DEC, VOL. 88:12, p. 2801-2816 |
| Asiasana: | Government Regulations |
| Kieli: | eng |
| Tiivistelmä: | This article examines warnings as a tool for regulatory agencies to keep control. The authors argue that prosecution is costly for the regulator, and insufficient prosecution efforts result in low penalties. As a result, with a limited regulatory budget, threats of harsh sanctions are credible only if the number of violators is low. This produces multiple Nash equilibria. |
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