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Crime, Punishment, and the Market for Offenses
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In this paper, two major themes of the literature are outlined: the evolution of a'market model' to explain the diversity of crime across time and space, and the debate about the usefulness of 'positive' versus 'negative' incentives.Abstract:
Crime is a subject of intense emotions, conflicting ideologies. However, economists have generally explained it as a reflection of individual choice and equilibrating market forces. Two major themes of the literature are outlined: the evolution of a 'market model' to explain the diversity of crime across time and space, and the debate about the usefulness of 'positive' versus 'negative' incentives. Systematic analyses generally indicate that crime is affected on the margin by both positive and negative incentives; there are serious limitations to the effectiveness of incapacitation and rehabilitation; and optimal enforcement strategies involve trade-offs between narrow efficiency and equity considerations.read more
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Punishment in human choice: direct or competitive suppression?
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Youth Gangs as Pseudo-Governments: Implications for Violent Crime
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References
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Journal ArticleDOI
Crime and Punishment: An Economic Approach
TL;DR: In fact, some common properties are shared by practically all legislation, and these properties form the subject matter of this essay as discussed by the authors, which is the basis for this essay. But, in spite of such diversity, some commonsense properties are not shared.
Потери благостостояния от тарифов, монополий и воровства (The Welfare Costs of Tariffs, Monopolies and Theft)
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Let's Take the Con Out of Econometrics
TL;DR: The applied econometrician is like a farmer who notices that the yield is somewhat higher under trees where birds roost, and he uses this as evidence that bird droppings increase yields.
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Participation in Illegitimate Activities: A Theoretical and Empirical Investigation
TL;DR: In this paper, a theory of participation in illegitimate activities is developed and tested against data on variations in index crimes across states in the United States and behavioral implications are derived using the state preference approach to behavior under uncertainty.
Journal ArticleDOI
Participation in Illegitimate Activities: A Theoretical and Empirical Investigation
TL;DR: In this article, a theory of participation in illegitimate activities is developed and tested against data on variations in index crimes across states in the United States and behavioral implications are derived using the state preference approach to behavior under uncertainty.