Friedman, Ezra; Wickelgren, Abraham - Yale Law School John M. Olin Center for Studies in Law, …
We consider a model of crime with rational Bayesian Jurors. We find that if jurors are not perfectly informed, even … when there is no limit to the size of the punishment that can be imposed, it is not possible to deter all crime. There is a … finite lower bound on the crime rate which results from the difficulties in achieving a conviction with imperfect evidence …