The Optimal Tradeoff Between the Probability and Magnitude of Fines

A. Mitchell Polinsky, Steven Shavell

NBER Reprint No. 136
Issued in 1981
NBER Program(s):   LE

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Published: Polinsky, A. Mitchell and Shavell, Steven. "The Optimal Tradeoff Betweenthe Probability and Magnitude of Fines." The American Economic Review, Vol. 9, No. 5, (December 1979), pp. 880-891.