Ah. So non-monetary fines, getting jailed, and getting towed, are additional incentives to not to the behavior? So fines aren't sufficient to disincentivze a behavior? Hmm.
I replied to a post that advocated basically death penalty for firms that such penalties are inhumane. I can’t really put my finger at what you’re insinuating my position is and how you arrived there.
But, putting on my economist hat; I can assure you that exponentially increasing fines will at some point create enough deterrence against such actions. Or better yet, it will be socially optimal for those idiots to keep breaking rules.
But, putting on my economist hat; I can assure you that exponentially increasing fines will at some point create enough deterrence against such actions. Or better yet, it will be socially optimal for those idiots to keep breaking rules.