Weibull, Jörgen; Villa, Edgar - Economics Institute for Research (SIR), … - 2005
lead to hysteresis. We also define political equilibrium under majority rule and show how a majority of individuals, who … feel no guilt or shame from violating the law, in political equilibrium can exploit a minority who do have such feelings. … political equilibrium can exploit a minority who do
have such feelings.
Keywords: crime, punishment, social norm, political …