Kugler, Maurice; Verdier, Thierry; Zenou, Yves - C.E.P.R. Discussion Papers - 2003
detection highly probable, we show that increasing policing or sanctions effectively deters crime. When bribing costs are low … crime rates. In particular, the relationship between the traditional instruments of deterrence, namely intensification of … policing and increment of sanctions, and crime is non-monotonic. Beyond a threshold, increases in expected punishment induce …