Christian At () (Universite de Franche Comte, CRESE) Nathalie Chappe () (Universite de Franche Comte, CRESE)
Abstract
This note develops a dynamic model of crime that determines the conditions under which it is optimal for a criminal to delay commission of a crime rather than committing it immediately. It also examines the optimal enforcement strategy in this context. We derive two results. The first is that it might be optimal to postpone a crime that is profitable now if its benefit increase quickly enough in the future and that a crime that is not yet optimal might become so in the future. The second is that it is optimal to underdeter crime.
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Publisher Info
Article provided by Economics Bulletin in its journal Economics Bulletin.
Find related papers by JEL classification: K4 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior
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