Department of Economics and Business - Universitat Pompeu Fabra

Title:: Crime and punishment: Further results
Author:: Nuno Garoupa
Date:: November 1998
Abstract:: 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.
Keywords:: Certainty and severity of punishment, expected and non-expected utilities
JEL codes:: D8, K4
Area of Research:: Business Economics and Industrial Organization
Published in:: Économie Appliquée, Special Issue in Law and Economics (Économie de la Justice), 54, 3, (2001), pp. 107-120

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