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来源类型Working Paper
规范类型报告
DOI10.3386/w25095
来源IDWorking Paper 25095
Optimal Law Enforcement with Ordered Leniency
Claudia M. Landeo; Kathryn E. Spier
发表日期2018-10-01
出版年2018
语种英语
摘要This paper studies the design of enforcement policies to detect and deter harmful short-term activities committed by groups of injurers. With an ordered-leniency policy, the degree of leniency granted to an injurer who self-reports depends on his or her position in the self-reporting queue. By creating a "race to the courthouse," ordered-leniency policies lead to faster detection and stronger deterrence of illegal activities. The socially-optimal level of deterrence can be obtained at zero cost when the externalities associated with the harmful activities are not too high. Without leniency for self-reporting, the enforcement cost is strictly positive and there is underdeterrence of harmful activities relative to the first-best level. Hence, ordered-leniency policies are welfare improving. Our findings for environments with groups of injurers complement Kaplow and Shavell's (1994) results for single-injurer environments.
主题Microeconomics ; Game Theory ; Economics of Information ; Other ; Law and Economics ; Industrial Organization ; Firm Behavior
URLhttps://www.nber.org/papers/w25095
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/582768
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GB/T 7714
Claudia M. Landeo,Kathryn E. Spier. Optimal Law Enforcement with Ordered Leniency. 2018.
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