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Optimal Law Enforcement and Victim Precaution

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  • Keith N. Hylton
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    Abstract

    In this I article derive the relationship between the optimal penalty and the probability of apprehension when victim precaution is taken into account. I show that in the area of intentional offenses, the optimal penalty is less than the level that internalizes the victim's harm plus the state's cost of enforcement.

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    File URL: http://links.jstor.org/sici?sici=0741-6261%28199621%2927%3A1%3C197%3AOLEAVP%3E2.0.CO%3B2-N&origin=repec
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    Bibliographic Info

    Article provided by The RAND Corporation in its journal RAND Journal of Economics.

    Volume (Year): 27 (1996)
    Issue (Month): 1 (Spring)
    Pages: 197-206

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    Handle: RePEc:rje:randje:v:27:y:1996:i:spring:p:197-206

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    Cited by:
    1. Baumann, Florian & Denter, Philipp & Friehe, Tim, 2013. "Hide or show? Endogenous observability of private precautions against crime when property value is private information," DICE Discussion Papers 115, Heinrich‐Heine‐Universität Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    2. Paul Hallwood & Thomas J. Miceli, 2014. "Modern Maritime Piracy," Working papers 2014-01, University of Connecticut, Department of Economics.
    3. Konrad, Kai A. & Skaperdas, Stergios, 2012. "The market for protection and the origin of the state," Munich Reprints in Economics 13961, University of Munich, Department of Economics.
    4. Florian Baumann & Tim Friehe, 2012. "Private Protection against Crime when Property Value is Private Information," CESifo Working Paper Series 3888, CESifo Group Munich.
    5. Philip A. Curry & Matthew Doyle, 2012. "Social Welfare and the Benefits to Crime," Working Papers 1205, University of Waterloo, Department of Economics, revised Jul 2012.
    6. Guha, Brishti, 2013. "Guns and crime revisited," Journal of Economic Behavior & Organization, Elsevier, vol. 94(C), pages 1-10.
    7. Keith N. Hylton & Haizhen Lin, 2008. "Innovation and Optimal Punishment, with Antitrust Applications," Working Papers 2008-09, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy.

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