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This PDF is a selection from an outofprint volume from the National Bureau of Economic This PDF is a selection from an outofprint volume from the National Bureau of Economic

This PDF is a selection from an outofprint volume from the National Bureau of Economic - PDF document

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This PDF is a selection from an outofprint volume from the National Bureau of Economic - PPT Presentation

Becker and William M Landes eds Volume Publisher UMI Volume ISBN 0870142631 Volume URL httpwwwnberorgbooksbeck741 Publication Date 1974 Chapter Title The Optimum Enforcement of Laws Chapter Author George J Stigler Chapter URL httpwwwnberorgchaptersc ID: 30206

Becker and William

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regulation are partiallyeffectivelyinertiaand76of The peculiarities of the structure of sanctions in economic regulation are partiallydue also to the response of the regulated businesses. They may effectively lobby to limitappropriations to the regulatory body, but they can also impose costly activities upon theregulatory body which force it to curtail other controls."Crime $500 or 6 monthsStandard Barrels..Giving rebates inICC PUBLIC PENAL 5. The fines will bebut the fines per se are transfers rather than social costs; Itan interestingthisbelieve thatacquittedare probablyenforcementfinessee Becker (1p)"p(E,Q),orp(E,S).d(pSQ)/dQp)SFIdQ.2.marginalisnoncriminals)Q.Q'. (1p)11offenses,becomeswhereisp(E,S)whereisthe LAWSofGEORGE J.59 ofapprehen GEORGE J.STIGLERincrease with Yto For example, the Ithe neighboring ho2. Becker writes the Iwhere Y is the money valf the fine. (The income,single offense Y must bespecttoY,=tive for all}'. Of coursecrime. Optimum EnforcementYork:LawsLou'.J. Stiglerton:inareand