0.22 A. Mitchell Polinsky Steven Shavell, Enforcement Costs and the Optimal Magnitude and Probability of Fines, Journal of Law and Economics, 1992.

{ optimal model expected level } 0.26
{ criminal sentencing sentence prison } 0.22
{ costs cost time net } 0.17
{ liability damages rule damage } 0.11

Related Articles

Charles W. SmithsonChristopher R. Thomas, Measuring the Cost to Consumers of Product Defects: The Value of "Lemon Insurance", Journal of Law and Economics, 1988.

Marc T. LawMindy S. Marks, Effects of Occupational Licensing Laws on Minorities: Evidence from the Progressive Era, Journal of Law and Economics, 2009.

James M. Buchanan, Politics_ Property_ and the Law: An Alternative Interpretation of Miller et al. v. Schoene, Journal of Law and Economics, 1972.