prospect theory, the two main alternatives to expected utility. al-Nowaihi and Dhami (2010a) recently propose composite … cumulative prospect theory that combines prospect theory with cumulative prospect theory. Under plausible conditions CCP is able … analysis of criminal activity. -- Behavioral economics ; Illegal activity ; Expected utility theory ; Rank dependent expected …

."Institutional Requirements for Effective Imposition of Fines,"NBER Chapters,in: Controlling Crime: Strategies and TradeoffsNational …

In this paper we test for the theory of deterrence. We exploit the natural experiment provided by the Collective … punishment to former inmates recommitting a crime can be considered as good as randomly assigned. Based on a unique data set on … recommit a crime by 1.24 percent: this corroborates the general deterrence hypothesis. However, this effect depends on the time …

disproportionately incarcerated. The perception that immigration adversely affects crime rates led to legislation in the 1990s that … activity, consistent with increasingly positive selection along this dimension. -- Assimilation ; crime ; immigration …

The perception that immigration adversely affects crime rates led to legislation in the 1990s that particularly …