Schildberg-Hörisch, Hannah; Strassmair, Christina - In: Journal of Law, Economics and Organization 28 (2012) 3, pp. 447-459
Crime has to be punished, but does punishment reduce crime? We conduct a neutrally framed laboratory experiment to test the deterrence hypothesis, namely that crime (weakly) decreases in deterrent incentives, that is, severity and probability of punishment. In our experiment, subjects can steal...