The paper deals with efficiency of prison term over fines in criminal sanctions given in white collar crimes like price fixing, tax evasion, securities fraud and bribery. The amount of fine depends on the level of income, and ability to pay of the individual. The essence of selecting white collar criminals is that these criminals have ability to pay and proving the assumption wrong that fines are always efficient in deterring criminals. The efficiency of prison terms established as the loss of income and reputation of the white collar criminals has more effect than fines. The paper also takes into consideration enforcement cost involved in detecting such crimes and enforcing the legal sanctions.
Lees hier het volledige artikel: