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Full-Text Articles in Law and Economics
Rational Criminal Addictions, Manuel A. Utset
Rational Criminal Addictions, Manuel A. Utset
Scholarly Publications
No abstract provided.
Welfare Enhancing Regulation Exemptions, Murat C. Mungan
Welfare Enhancing Regulation Exemptions, Murat C. Mungan
Scholarly Publications
Sanctions for regulation violations are used to deter conduct which could potentially result in great social harms. This practice over-deters talented entities and under-deters untalented entities, which leads to social losses. This paper analyzes whether and how such social losses can be mitigated. I show that this can be achieved by allowing regulatees to purchase passes exempting them from regulations at appropriate prices.