The John M. Olin Center
Paper Abstract
494. Christine Jolls, On Law Enforcement with Boundedly Rational Actors, 09/2004; subsequently published in The Law and Economics of Irrational Behavior, Francesco Parisi and Vernon Smith, eds., Stanford University Press, (2004), pp. 268-286.
Abstract: This essay, prepared for The Law and Economics of Irrational Behavior (Francesco Parisi and Vernon Smith eds., 2004), examines implications of bounded rationality for traditional economic analysis of public law enforcement. A brief application to the enforcement of employment discrimination laws by public agents is offered.