Explain in words when efficiency requires severe punishments with low probability, and when efficiency requires mild punishments

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Explain in words when efficiency requires severe punishments with low probability, and when efficiency requires mild punishments with high probability.

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Law and economics

ISBN: 978-0132540650

6th Edition

Authors: Robert cooter, Thomas ulen

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Question Posted: Aug 10, 2012 03:47 AM

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Explain in words when efficiency requires severe punishments with low probability, and when efficiency requires mild punishments

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Crimes that have very low probabilities of detection arrest and conviction b...View the full answer

Law and economics

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