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Segmented Pricing for Fines & Fees

As fines and fees have become more important in recent years and are ripe for savvier pricing strategies. Debt from unpaid fines and fees can be harmful to low-income individuals. Moreover,the ethics of public service commits public officials to treat people fairly and produce good results for the community. Therefore, in this paper, we will only consider the potential effects on low-income individuals. We will explore the following segmented pricing arguments to illustrate the practical applications: One-size-fits-all pricing will predictably generate unpaid accounts because the price will exceed many people’s willingness/ability to pay. More aggressive collection of unpaid accounts has disadvantages. It can further imperil the financial health of vulnerable citizens. It also requires the government to incur collection costs. Local governments can realize more revenue and have more ethical outcomes with segmented pricing.
When
3/23/2022
Where
Interactive Internet training
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