Paper #344

Títol:

Crime and punishment: Further results

Autor:

Nuno Garoupa

Data:

Novembre 1998

Resum:

I consider a general specification of criminals' objective function and argue that, when the general non-expected utility theory is substituted for the traditional expected utility theory, the high-fine-low-probability result (Becker, 1968) only holds under specific and strong restrictions.

Paraules clau:

Certainty and severity of punishment, expected and non-expected utilities

Codis JEL:

D8, K4

Àrea de Recerca:

Economia de l'Empresa i Organització Industrial

Publicat a:

Économie Appliquée, Special Issue in Law and Economics (Économie de la Justice), 54, 3, (2001), pp. 107-120

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