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Please use this identifier to cite or link to this item: http://hdl.handle.net/1942/875

Title: Optimal fines in libraries and documentation centers
Authors: Rousseau, Sandra
ROUSSEAU, Ronald
Keywords: Optimal fines
Level of harm done
Probability of detection
Enforcement cost
Librarianship
Polinsky-Shavell model
Mathematical modelling
Issue Date: 1999
Publisher: Universidad de Colima
Citation: Macias-Chapula, C.A. (Ed.) SEVENTH CONFERENCE OF THE INTERNATIONAL SOCIETY FOR SCIENTOMETRICS AND INFORMETRICS, PROCEEDINGS. p. 431-440.
Abstract: In this paper we try to determine the optimal level of the fines imposed on library users. These fines are levied to deter people from keeping books too long or even damage or steal them. The fines should be high enough to prevent abuses but not excessively high. Our model will be based on the work of Polinsky and Shavell on optimal fines for polluters. It will be proved that the optimal fine should depend on the level of harm done, the probability of detection and the variable enforcement cost. We will illustrate this with an example.
URI: http://hdl.handle.net/1942/875
ISI #: 000082968800039
ISBN: 968-6190-91-0
Type: Proceedings Paper
Appears in Collections: Research publications

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