The standard economic theory of crime deterrence predicts that the conviction of an innocent (type-I error) is as …

The principle that it is better to let some guilty individuals be set free than to mistakenly convict an innocent …

called for. We take a first step in this direction, focusing on models of guilt aversion in the Trust Game. We consider two … alternative modeling assumptions: (i) guilt aversion depends on the role played in the game, because only the trustee can feel … guilt for letting the co-player down, (ii) guilt aversion is independent of the role played in the game. We show how the set …

the characteristics of crime behaviour in Italy. In particular, we test which features of our theoretical model are … crime and education. But in order to study the Italian reality we account for its peculiarities (slowness in reaching a … final judgement, presence of organized crime in Italy, economic dichotomy between the North and the South of Italy). …

to allocate their disposable time between education, crime and work in the legal sector. Education has a multiple role …: it implies higher expected wages in the legal sector, increasing the opportunity cost of committing crime and it has a …

Starting from Becker’s seminal paper we review the first contributions to the economics of crime, stressing how with … account the probability of being arrested and punished and the expected returns from crime. Criminal decision is an economic … the main recent contributions to the economics of crime; in particular we outline the determinants of criminal behaviours …