, SIDE-ISLE 2009 - Fifth Annual Conference

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The enforcement of imperfect rules

Paolo Buccirossi

Last modified: 2009-11-23

Abstract


This paper examines the optimal sanction for rules that are either
overinclusive, as they prohibit action that in some circumstances are benefi?cial, or underinclusive as they allow agents to undertake alternative conducts that are harmful, or both. The paper shows that in all all these cases the optimal sanction is lower than the optimal sanction for a perfect rule.

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