Difference between revisions of "Becker, G. and G. Stigler (1974), Law Enforcement, Malfeasance, and the Compensation of Enforcers"

From edegan.com
Jump to navigation Jump to search
 
(One intermediate revision by one other user not shown)
Line 1: Line 1:
 
{{Article
 
{{Article
 
|Has page=Becker, G. and G. Stigler (1974), Law Enforcement, Malfeasance, and the Compensation of Enforcers
 
|Has page=Becker, G. and G. Stigler (1974), Law Enforcement, Malfeasance, and the Compensation of Enforcers
|Has title=Law Enforcement, Malfeasance, and the Compensation of Enforcers
+
|Has bibtex key=
|Has author=
+
|Has article title=Law Enforcement, Malfeasance, and the Compensation of Enforcers
 +
|Has author=Becker, G. and G. Stigler
 
|Has year=1974
 
|Has year=1974
 
|In journal=
 
|In journal=

Latest revision as of 19:14, 29 September 2020

Article
Has bibtex key
Has article title Law Enforcement, Malfeasance, and the Compensation of Enforcers
Has author Becker, G. and G. Stigler
Has year 1974
In journal
In volume
In number
Has pages
Has publisher
© edegan.com, 2016

Return to BPP Field Exam Papers 2012

Compensation of Enforcers

B&S propose two methods:

  1. Paying higher wages and monitoring performance to make honest behavior attractive enough.
  2. Making enforcers 'partners' of Victims in claiming compensation

Focus on method 1 -- Solve using backward induction. See paper for solution for [math]W_{1}^{*}[/math] and [math]W_{2}^{*}[/math]