Feichtinger, Gustav - In: Management Science 29 (1983) 6, pp. 686-699
assumed that Sethi's concave thief, i.e., a risk-averter, plays against the police, whose objective function incorporates … the case in Sethi's model) but also by the instrumental variable of the police, namely its rate of law enforcement. Our … police increases monotonically whereas for the Nash-optimal pilfering rate three cases may be characterized in which increase …