An intertemporal general equilibrium model of criminal behavior is used to analyze the effect on crime of changing policy parameters. The policy parameters are the length of the prison term, the severity of punishment, and the amount of police resources. The number of crimes in society can be...

The first part of the paper surveys the discussion of monetary equilibrium by Wicksell, Lindahl, Myrdal, Ohlin and Palander. In the second part a number of analytical aspects of monetary equilibrium are discussed: The formulation of the first equilibrium condition in terms of prices instead of...

Two real-world observations are not easily replicated in models of crime. First, although capital punishment is optimal in Becker’s (1968) model, it is rarely observed in the real world. Second, criminal procedure and the evaluation of evidence vary across societies and historical periods, the...

The paper contains a survey and analysis of two debates between Wicksell and a number of Swedish economists concerning the cumulative process. The debates illustrate various problems with the analytical formulation of the cumulative process and how these problems were dealt with by the...

Two real-world observations are not easily replicated in models of crime. First, although capital punishment is optimal in Becker’s (1968) model, it is rarely observed in the real world. Second, criminal procedure and the evaluation of evidence vary across societies and historical periods, the...

An intertemporal general equilibrium model of criminal behavior is used to analyze the effect on crime of changing policy parameters. The policy parameters are the length of the prison term, the severity of punishment, and the amount of police resources. The number of crimes in society can be...