Coşgel, Metin M.; Etkes, Haggay; Miceli, Thomas J. - In: Journal of Economic Behavior & Organization 80 (2011) 3, pp. 546-552
This paper contributes to the literature on private law enforcement by proposing a novel solution to the problem of … underenforcement by monopolistic enforcers. Monopolistic enforcers underinvest in enforcement because they ignore the social benefits … of deterrence. We show that this problem can be partially resolved by combining law enforcement with tax collection …