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We use rich microdata on bank robberies to estimate individual-level disutilities of imprisonment. The identification rests on the money versus apprehension trade-off that robbers face inside the bank when deciding whether to leave or collect money for an additional minute. The distribution of...
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Criminal law and economics rests on the expectation that deterrence incentives can be employed to reduce crime. Prison … survey evidence however suggests that a majority of criminals are biased and may not react to deterrence incentives. This … study employs an extra-laboratory experiment in a German prison to test the effectiveness of deterrence. Subjects either …
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