Deterred or Detained? A Unified Model of Criminal Punishment
AbstractThe standard economic model of crime since Becker (1968) is primarily concerned with deterrence, but actual punishment policies appear to rely on imprisonment to a greater extent than is prescribed by that model. One reason may be the incapacitation function of prison. The model developed in this paper seeks to incorporate incapacitation into the standard model. A key finding of the hybrid model is that when prison is the only form of punishment and the probability of apprehension is fixed, incapacitation can result in a longer or a shorter optimal prison term compared to the deterrence-only model. Other aspects of the standard model are studied within the context of the hybrid model.
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Bibliographic InfoArticle provided by De Gruyter in its journal Review of Law & Economics.
Volume (Year): 8 (2012)
Issue (Month): 1 (March)
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Other versions of this item:
- Thomas J. Miceli, 2009. "Deterred or Detained? A Unified Model of Criminal Punishment," Working papers 2009-16, University of Connecticut, Department of Economics.
- K14 - Law and Economics - - Basic Areas of Law - - - Criminal Law
- K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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