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Essays in the economics of crime and punishment

Becker, Gary S. (ed.); Landes, William M. (contributor) - 1974

Persistent link: https://www.econbiz.de/10000330102

Lee, David S. - 2005

Economic theory predicts that increasing the severity of punishments will deter criminal behavior by raising the expected price of committing crime. This implicit price can be substantially raised by making prison sentences longer, but only if offenders' discount rates are relatively low. We use...

Persistent link: https://www.econbiz.de/10012467188

The Evolution of Precedent

Gennaioli, Nicola - 2005

We evaluate Richard Posner's famous hypothesis that common law converges to efficient legal rules using a model of precedent setting by appellate judges. Following legal realists, we assume that judicial decisions are subject to personal biases, and that changing precedent is costly to judges....

Persistent link: https://www.econbiz.de/10012467420

Testing, Crime and Punishment

Figlio, David N. - 2005

The recent passage of the No Child Left Behind Act of 2001 solidified a national trend toward increased student testing for the purpose of evaluating public schools. This new environment for schools provides strong incentives for schools to alter the ways in which they deliver educational...

Persistent link: https://www.econbiz.de/10012467491

The Optimal Use of Fines and Imprisonment When Wealth is Unobservable

Polinsky, A. Mitchell - 2004

This article studies the optimal use of fines and imprisonment when an offender's level of wealth is private information that cannot be observed by the enforcement authority. In a model in which there are two levels of wealth, I derive the optimal mix of sanctions, including the imprisonment...

Persistent link: https://www.econbiz.de/10012467929

Optimal Fines and Auditing When Wealth is Costly to Observe

Polinsky, A. Mitchell - 2004

This article studies optimal fines when an offender's wealth is private information that can be obtained by the enforcement authority only after a costly audit. I derive the optimal fine for the underlying offense, the optimal fine for misrepresenting one's wealth level, and the optimal audit...

Persistent link: https://www.econbiz.de/10012467930

Economic Analysis of the General Structure of the Law

Shavell, Steven - 2003

This paper contains a chapter on the general structure of the law from a forthcoming book, Foundations of Economic Analysis of Law (Harvard University Press, 2003). In this chapter, I consider basic features of the legal system, including whether the law directly constrains behavior or channels...

Persistent link: https://www.econbiz.de/10012468999

Infrastructure, Incentives and Institutions

Ashraf, Nava - 2016

and corruption; fines lead to extortion of the innocent. Zambia has attempted to solve its problem with subsidies alone …

Persistent link: https://www.econbiz.de/10012456762

Sustaining Cooperation : Community Enforcement vs. Specialized Enforcement

Acemoglu, Daron - 2015

We introduce the possibility of direct punishment by specialized enforcers into a model of community enforcement … specialized enforcement technology is sufficiently effective, cooperation is best sustained by a "single enforcer punishment … punishment that enforcers are willing to impose on deviators. Conversely, when the specialized enforcement technology is …

Persistent link: https://www.econbiz.de/10012457211

Crime, Punishment and the Halo Effect of Corporate Social Responsibility

Hong, Harrison - 2015

Three reasons are often cited for the value of corporate social responsibility: product quality signalling, delegated giving, and the halo effect. Previous tests cannot separate these channels because they focus on consumers, who value all three. We focus on prosecutors, who are only susceptible...

Persistent link: https://www.econbiz.de/10012457452