Who Pays: A Comparative Analysis of Monetary Legal Settlement Cases of Police Brutality
Lee, Bo Gyoung
Using a comparative analysis between the United States and South Korea, this paper attempts to analyze the police brutality as a market failure caused by principal-agent problem and asymmetric information. For the qualitative part of the research, court cases are analyzed to corroborate the hypothesis that the market failures in two countries are drawn from a combination of disparity in informal social control and the principal-agent problem. The fixed-effects regression was run against the monetary settlement cases to test the hypothesis.