Last Updated：2022/12/24
In deciding whether to double park, a resident of Econville will compare his benefit from double parking to the expected fine...Therefore, to achieve optimal deterrence – that is, deterrence only of those double-parking violations in which the benefits are less than the [previously stipulated] $10 congestion cost – it is necessary for the expected fine to equal $10. . .
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In
deciding
whether
to
double
park,
a
resident
of
Econville
will
compare
his
benefit
from
double
parking
to
the
expected
fine...Therefore,
to
achieve
optimal
deterrence
–
that
is,
deterrence
only
of
those
double-parking
violations
in
which
the
benefits
are
less
than
the
[previously
stipulated]
$10
congestion
cost
–
it
is
necessary
for
the
expected
fine
to
equal
$10.
.
.
