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Public Enforcement of Law [PDF]
This entry for the forthcoming The New Palgrave Dictionary of Economics (Second Edition) surveys the economic analysis of public enforcement of law - the use of public agents (inspectors, tax auditors, police, prosecutors) to detect and to sanction violators of legal rules.
A. Mitchell Polinsky, Steven Shavell
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Private Enforcement versus Public Enforcement
SSRN Electronic Journal, 2019This paper sheds light on the ‘private-vs.-public enforcement’ debate. In the first part, using EU internal market law as an example, it will be illustrated that the (relative) effectiveness of private and public instruments of enforcement is significant not only from a policy point of view, but in fact also for the application of legal principles.
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2015
This chapter examines issues relating to corporate governance in closely held corporations. It begins by describing the typical characteristics of closely held corporations, with particular emphasis on shareholder involvement in management, number of shareholders, share transfers, market for shares, and the broad spectrum of shareholders and ...
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This chapter examines issues relating to corporate governance in closely held corporations. It begins by describing the typical characteristics of closely held corporations, with particular emphasis on shareholder involvement in management, number of shareholders, share transfers, market for shares, and the broad spectrum of shareholders and ...
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2020
The chapter analyses the public enforcement of the conduct of business regulation of South Korea and the UK. The UK’s public enforcement by the regulator is a compliance-focused approach. This approach relies on the goodwill of financial institutions and focuses on helping to improve the internal control system to facilitate compliance. However, as the
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The chapter analyses the public enforcement of the conduct of business regulation of South Korea and the UK. The UK’s public enforcement by the regulator is a compliance-focused approach. This approach relies on the goodwill of financial institutions and focuses on helping to improve the internal control system to facilitate compliance. However, as the
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SSRN Electronic Journal
Abstract This chapter examines public enforcement’s role in capital market development, challenging earlier claims that minimize its significance. It reviews empirical studies that use resource-based measures to assess public enforcement’s impact on financial market performance, capital flows, and regulatory reforms.
Howell Edmunds Jackson, Jeffery Y. Zhang
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Abstract This chapter examines public enforcement’s role in capital market development, challenging earlier claims that minimize its significance. It reviews empirical studies that use resource-based measures to assess public enforcement’s impact on financial market performance, capital flows, and regulatory reforms.
Howell Edmunds Jackson, Jeffery Y. Zhang
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The Enforcement of Public Price Controls
Journal of Political Economy, 1980Price controls differ across industries systematically as predicted by the theory regulators maximize political support. This approach views the price controllers as choosing, subject to technology and budget constraints, the appropriate enforcement to balance the support from holding down prices against the opposition from dead-weight loss ...
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Abstract This chapter examines the theoretical and practical distinctions between civil and criminal public enforcement of corporate laws. It critiques traditional markers of the civil–criminal divide and highlights how modern enforcement practices blur these lines, particularly in the United States, where civil penalties often ...
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Enforcement of Competition Law: Public Enforcement and Competition Agencies
2020The increased focus on an effective enforcement of competition law in both developed and transitional economies has highlighted the debate on enforcement tools and institutions. Designing antitrust institutions became crucial, not only because a desirable substantive outcome of competition issues relies on an appropriate definition of competition ...
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