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Economic Analysis of Public Law Enforcement and Criminal Law

Shavell, Steven - 2022

enforcement are discussed in the chapters that follow. In chapter 20, the basic theory of public enforcement employing monetary … sanctions is discussed; in chapter 21, the basic theory of enforcement using nonmonetary sanctions is examined; and in chapter … 22, extensions to the basic theory are considered. Then, in chapter 23, functions of sanctions apart from deterrence …

Persistent link: https://www.econbiz.de/10014084960

Deterrence and the Optimal Use of Prison, Parole, and Probation

Polinsky, A. Mitchell - 2017

In this article we derive the mix of criminal sanctions—choosing among prison, parole, and probation—that achieves any target level of deterrence at least cost. We assume that prison has higher disutility and higher cost per unit time than parole and probation and that potential offenders...

Persistent link: https://www.econbiz.de/10012955941

A Simple Model of Optimal Deterrence and Incapacitation

Shavell, Steven - 2014

The deterrence of crime and its reduction through incapacitation are studied in a simple multiperiod model of crime and law enforcement. Optimal imprisonment sanctions and the optimal probability of sanctions are determined. A point of emphasis is that the incapacitation of individuals is often...

Persistent link: https://www.econbiz.de/10013040232

A Simple Model of Optimal Hate Crime Legislation

Gan, Li; Williams, Roberton C.; Wiseman, Thomas - 2021

We present a simple model of the effects of hate crime legislation. It shows that even if the direct harm to victims of hate crime is the same as for other crimes, because of other differences in the effects it may still be optimal to exert more law-enforcement effort to deter or prevent hate...

Persistent link: https://www.econbiz.de/10013217224

The Optimal Use of Fines and Imprisonment

Polinsky, A. Mitchell; Shavell, Steven - 2021

This paper examines the use of fines and imprisonment to deter individuals from engaging in harmful activities. These sanctions are analyzed separately as well as together, first for identical risk-neutral individuals and then for two groups of risk-neutral individuals who differ by wealth. When...

Persistent link: https://www.econbiz.de/10013218978

Optimal Drug Policy in Low-Income Neighborhoods

Chang, Sheng-Wen; Coulson, N. Edward; Wang, Ping - 2021

Part of the debate over the control of drug activity in cities is concerned with the effectiveness of implementing demand- versus supply-side drug policies. This paper is motivated by the relative lack of research providing formal economic underpinning for the implementation of either policy. We...

Persistent link: https://www.econbiz.de/10013234048

A Dynamic Model of Differential Human Capital and Criminal Activity

Mocan, Naci H.; Billups, Stephen C.; Overland, Jody R. - 2021

This paper presents a new, dynamic economic model of criminal activity. Individuals are endowed with legal and criminal human capital. Potential incomes in legal and criminal sectors depend on the level of the relevant human capital, the rate of return, and random shocks. Both types of human...

Persistent link: https://www.econbiz.de/10013237929

Using Sentence Enhancements to Distinguish between Deterrence and Incapacitation

Kessler, Daniel P.; Levitt, Steven D. - 2021

It is typically difficult to differentiate empirically between deterrence and incapacitation since both are a function of expected punishment. In this paper we demonstrate that the introduction of sentence enhancements (i.e. increased punishments that are added on to prison sentences that would...

Persistent link: https://www.econbiz.de/10013212350

A Model of Optimal Fines for Repeat Offenders

Polinsky, A. Mitchell; Rubinfeld, Daniel L. - 2021

This paper analyzes optimal fines in a model in which individuals can commit up to two offenses. The fine for the second offense is allowed to differ from the fine for the first offense. There are four natural cases in the model, defined by assumptions about the gains to individuals from...

Persistent link: https://www.econbiz.de/10013212360

Education, Work, and Crime : A Human Capital Approach

Lochner, Lance - 2021

This paper develops a model of crime in which human capital increases the opportunity cost of crime from foregone work and expected costs associated with incarceration. Older, more intelligent, and more educated adults should commit fewer street (unskilled) crimes. White collar crimes decline...

Persistent link: https://www.econbiz.de/10013246681

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