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• W2015396031 abstract "I present a model where a regulator monitors compliance with a policy by a population of individuals, some of whom repeatedly prefer to violate the policy, while others only occasionally want to experiment. I show that the regulator can use sanctions, contingent on past violations of the policy, to differentiate between the agents and to improve welfare. Such punishment plans arise frequently in practice. As a result, a regulator prefers investing in enforcement rather than use maximal sanctions. ( JEL K42, K14, L51)" @default.
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• W2015396031 date "2009-01-01" @default.
• W2015396031 modified "2023-10-10" @default.
• W2015396031 title "DIFFERENTIATING BETWEEN FIRST AND REPEAT OFFENSES" @default.
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• W2015396031 doi "https://doi.org/10.1111/j.1465-7287.2008.00111.x" @default.
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