In this article, Professor Coffee argues that fines are an inefficient means by which to deter organizational crimes. Instead, he urges a focus on the individual decision-maker and a system of competitive bids with respect to the choice of a fine as an alternative punishment.
Criminal Law | Criminal Procedure | Law | Law and Economics
John C. Coffee Jr.,
Corporate Crime and Punishment: A Non-Chicago View of the Economics of Criminal Sanctions,
Am. Crim. L. Rev.
Available at: https://scholarship.law.columbia.edu/faculty_scholarship/3846