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What is Crime?

Author

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  • Benjamin E. Hermalin

Abstract

This article asks which wrong doings should be considered criminal and which should be handled in some different manner. The answer is that when the state's commitment power is needed to provide deterrence, a wrong doing should be considered criminal. When, however, private parties can take actions that help them commit, such as write contracts or take precautions, then it could be better to have the resolution of wrong doings pursued privately.

Suggested Citation

  • Benjamin E. Hermalin, 2005. "What is Crime?," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 161(2), pages 303-318, June.
    • Handle: RePEc:mhr:jinste:urn:sici:0932-4569(200506)161:2_303:wic_2.0.tx_2-w
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    Cited by:

    1. Christoph Engel & Urs Schweizer, 2005. "Editorial Preface," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 161(2), pages 191-192, June.

    More about this item

    JEL classification:

    • K13 - Law and Economics - - Basic Areas of Law - - - Tort Law and Product Liability; Forensic Economics
    • K14 - Law and Economics - - Basic Areas of Law - - - Criminal Law

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