It’s the probability of getting caught times the cost of the punishment. That’s the other problem with a ban. “Probability of getting caught” being a cost center, authorities prefer giant fines with low enforcement costs; this results in a system favouring the politically connected.
It’s the probability of getting caught times the cost of the punishment. That’s the other problem with a ban. “Probability of getting caught” being a cost center, authorities prefer giant fines with low enforcement costs; this results in a system favouring the politically connected.