In this article I derive the relationship between the optimal penalty and the probability of apprehension when victim precaution is taken into account. I show that in the area of intentional offenses, the optimal penalty is less than the level that internalizes the victim\u27s harm plus the state\u27s cost of enforcement
The law and economics literature on punishment reveals strong reasons of efficiency to adopt an extr...
textabstractGiven the threats of our current 'risk society', there is an ever-increasing demand for ...
Normative models of the optimal use of sanctions, monetary as well as nonmonetary, that employ the a...
In this article I derive the relationship between the optimal penalty and the probability of apprehe...
The authors characterize optimal enforcement in a setting in which individuals can select among vari...
Research in criminology has shown that the perceived risk of apprehension often differs substantiall...
The economic literature on crime and punishment focuses on the trade-off between probability and se...
This paper considers optimal enforcement when individuals may be imperfectly informed about the prob...
This paper studies the design of optimal enforcement policies with ordered leniency to detect and de...
Crime deterrence is ordinarily regarded as a function of the magnitude of the sanctions and the enfo...
Preventive law enforcement increases social welfare by hindering the infliction of criminal harm, bu...
If an increase in the rate at which a criminal commits crimes lowers the expected time until detecti...
We study the optimal use of imprisonment when enforcement efforts are general (i.e. when the probabi...
In the Beckerian crime and deterrence model, maximal fines are optimal. Many models have identified ...
We show that the probability of apprehension and punishment is usually reduced in a framework with a...
The law and economics literature on punishment reveals strong reasons of efficiency to adopt an extr...
textabstractGiven the threats of our current 'risk society', there is an ever-increasing demand for ...
Normative models of the optimal use of sanctions, monetary as well as nonmonetary, that employ the a...
In this article I derive the relationship between the optimal penalty and the probability of apprehe...
The authors characterize optimal enforcement in a setting in which individuals can select among vari...
Research in criminology has shown that the perceived risk of apprehension often differs substantiall...
The economic literature on crime and punishment focuses on the trade-off between probability and se...
This paper considers optimal enforcement when individuals may be imperfectly informed about the prob...
This paper studies the design of optimal enforcement policies with ordered leniency to detect and de...
Crime deterrence is ordinarily regarded as a function of the magnitude of the sanctions and the enfo...
Preventive law enforcement increases social welfare by hindering the infliction of criminal harm, bu...
If an increase in the rate at which a criminal commits crimes lowers the expected time until detecti...
We study the optimal use of imprisonment when enforcement efforts are general (i.e. when the probabi...
In the Beckerian crime and deterrence model, maximal fines are optimal. Many models have identified ...
We show that the probability of apprehension and punishment is usually reduced in a framework with a...
The law and economics literature on punishment reveals strong reasons of efficiency to adopt an extr...
textabstractGiven the threats of our current 'risk society', there is an ever-increasing demand for ...
Normative models of the optimal use of sanctions, monetary as well as nonmonetary, that employ the a...