Paper #344

Título:

Crime and punishment: Further results

Autor:

Nuno Garoupa

Fecha:

Noviembre 1998

Resumen:

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.

Palabras clave:

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

Códigos JEL:

D8, K4

Área de investigación:

Economía de la Empresa y Organización Industrial

Publicado en:

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

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