Statutes Versus Enforcement: The Case of the Optimal Speed Limit
6 Pages Posted: 30 Dec 2009 Last revised: 3 Aug 2010
Date Written: September 1, 1989
We show in this paper that efficiency requires that fines be used to the maximum extent possible relative to increased enforcement. While there is a political limit to how far this process should be pushed, in times of budget stress there could be justification for increased reliance on fines relative to enforcement.
Keywords: Statutes, Enforcement, Law and Economics, Speed limits, Crime
JEL Classification: K00, K42
Suggested Citation: Suggested Citation