Nicita, Antonio; Rizzolli, Matteo - In: CESifo economic studies : CESifo, a joint initiative of … 60 (2014) 3, pp. 554-580
The standard model of optimal deterrence predicts that the probability of wrongful conviction of the innocent is, at the margin, as detrimental to deterrence as the probability of wrongful acquittal of guilty individuals. We extend the model in several directions: using expected utility as well...