The Optimum Enforcement of Laws
@article{Stigler1970TheOE, title={The Optimum Enforcement of Laws}, author={George Joseph Stigler}, journal={Journal of Political Economy}, year={1970}, volume={78}, pages={526 - 536} }
All prescriptions of behavior for individuals require enforcement. Usually the obligation to behave in a prescribed way is entered into voluntarily by explicit or implicit contract. For example, I promise to teach certain classes with designated frequency and to discuss matters which I, and possibly others, believe are relevant to the course titles. By negotiation, and in the event of its failure, by legal action, I and my employer seek to enforce the contract of employment against large…
1,076 Citations
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