Carr-Hill, Roy A.; Stern, Nicholas H. - In: The economics of public services : proceedings of a …, (pp. 116-147). 1977
Following a short introduction, consideration is given (section II) to a model, developed by Becker (1968), that attempts to describe the generation of, and optimum punishment for, illegal activity. It is shown that this model has no optimum finite solution for the case where punishment is...