Speed limits

Artyom Jelnov; Doron Klunover

doi:10.1016/j.econlet.2022.110368

Speed limits

Artyom Jelnov, Doron Klunover

Ariel University

Research output: Contribution to journal › Article › peer-review

Abstract

We consider a model in which a regulator determines the level of an activity – which is harmful to society – beyond which an agent will pay a fixed fine. We show that the regulator adopts a random punishment scheme under certain conditions in order to minimize harm. The results may help to solve the puzzle of why vague enforcement policies are implemented by competent governments even when tough enforcement is possible and costless.

Original language	English
Article number	110368
Journal	Economics Letters
Volume	213
DOIs	https://doi.org/10.1016/j.econlet.2022.110368
State	Published - Apr 2022
Externally published	Yes

Bibliographical note

Publisher Copyright:
© 2022 Elsevier B.V.

Funding

We thank Arthur Fishman, Avraham Tabbach, participants at the BIU Game and Economic Theory seminar and an anonymous referee for valuable comments and suggestions. All remaining errors are those of the authors.

Keywords

Law enforcement
Random strategy

Access to Document

10.1016/j.econlet.2022.110368

Cite this

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Speed limits

Abstract

Bibliographical note

Funding

Keywords

Access to Document

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