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the penalty is bigger when the probability of getting caught is larger. -- crime ; punishment ; incentives ; deterrence …
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One main motive behind lengthy prison terms for serious crime is to deter potential offenders from engaging in crime. Yet, economic theory predicts that the scope for punishment as acting as a deterrent depends on how much individuals discount future events when balancing the immediate utility...
Persistent link: https://www.econbiz.de/10010355861
We report results from economic experiments of decisions that are best described as petty larceny, with high school and college students who can anonymously steal real money from each other. Our design allows exogenous variation in the rewards of crime, and the penalty and probability of...
Persistent link: https://www.econbiz.de/10013122968
Group contests are ubiquitous. Some examples include warfare between countries, competition between political parties, team-incentives within firms, group sports, and rent-seeking. In order to succeed, members of the same group have incentives to cooperate with each other by expending individual...
Persistent link: https://www.econbiz.de/10013013877
the deterrence hypothesis, namely that crime is weakly decreasing in deterrent incentives, i.e. severity and probability … and within sessions. The across subject analysis clearly rejects the deterrence hypothesis: except for very high levels of … to the deterrence hypothesis and fair-minded subjects for whom deterrent incentives backfire. …
Persistent link: https://www.econbiz.de/10003951485
of fines on punishment and deterrence. Partial effects are effects on potential violators' and punishers' decisions when … punish, which in turn reduces the deterrence effect of high fines. Using a laboratory experiment, we identify these effects …
Persistent link: https://www.econbiz.de/10011345790
of fines on punishment and deterrence. Partial effects are effects on potential violators' and punishers' decisions when … punish, which in turn reduces the deterrence effect of high fines. Using a laboratory experiment, we identify these effects …
Persistent link: https://www.econbiz.de/10011347317
survey evidence however suggests that a majority of criminals are biased and may not react to deterrence incentives. This …Criminal law and economics rests on the expectation that deterrence incentives can be employed to reduce crime. Prison … study employs an extra-laboratory experiment in a German prison to test the effectiveness of deterrence. Subjects either …
Persistent link: https://www.econbiz.de/10010384339
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