The standard economic model of crime focuses on the goal of deterrence, but actual punishment schemes, most notably … recent three-strikes laws, seem to rely more on imprisonment than is prescribed by that model. One explanation is that prison …

offenders become habitual and commit further crimes immediately upon release from their initial prison term (if any). The … optimal punishment scheme in this setting generally involves a finite prison term for first-time offenders (based on the goal …

Asset forfeiture laws allow the seizure of assets used in the commission of a crime. This paper examines the impact of … such laws on deterrence by incorporating the possibility of asset forfeiture into the standard economic model of crime …

deterrence of crime (due to the greater likelihood of apprehension), and the savings in social harm as some offenders are … predisposition to commit a crime. …

The standard economic model of crime since Becker (1968) is primarily concerned with deterrence. Actual punishment … incapacitation function of prison. The model developed in this paper seeks to incorporate incapacitation into the standard model. A … key finding of the hybrid model is that when prison is the only form of punishment and the probability of apprehension is …

Economic models of crime and punishment implicitly assume that the government can credibly commit to the fines … several of the standard predictions of the economic model of crime and punishment are robust to commitment, but that … credibility may in some cases result in lower apprehension rates, and hence a higher crime rate, compared to the static version of …

deterrence of crime (due to the greater likelihood of apprehension), and the savings in social harm and apprehension costs as … otherwise not predisposed to commit a crime. …

penalty suffered by individuals convicted of crime. While this penalty probably deters some first-timers from committing …