Because costly punishment is not credible, subgame perfection suggests that punishment will not deter free riding … strategies seen in the lab and use the simulation to develop hypotheses about why group size should matter when punishment is … rates no lower than small groups because punishment does not fall appreciably in large groups. However, hindrances to …

The most famous element in Bentham's theory of punishment, the Panopticon Prison, expresses his view of the two … purposes of punishment, deterrence and special prevention. We investigate Bentham's intuition in a public goods lab experiment … by manipulating how much information on punishment experienced by others is available to would-be offenders. Compared …

equilibrium model is developed, exploiting these facts to quantitatively assess the race crime gap, that is the difference in … crime explained by the difference in observables. The model is calibrated relying on US data and solved numerically. The … model captures well relevant dimensions of the crime phenomenon, such as the inmates composition by race, employment status …

Empirical evidence reveals that unemployment tends to increase property crime but that it has no effect on violent … crime. To explain these facts, we examine a model of criminal gangs and suggest that there is a substitution effect between … property crime and violent crime at work. In the model, non-monetary valuation of gang membership is private knowledge. Thus …

For nearly 50 years academics have been studying how labor markets affect crime. The initial interesting and important … theoretical and empirical work generated substantial interest in studying crime among economists, in particular, and scholars in … markets reduce crime seems obvious and is widely accepted by many policy makers and academics, empirical results fail to show …

This study empirically examines the relationship between crime, deterrence and unemployment in Greece. A regional … deterred by higher clear-up rates. Also for property crime rates, the results indicate that unemployment increases crime. For …

. To provide theoretical foundations for social reciprocity, we show that generalized punishment norms survive in one of …