The Becker Paradox and Type I vs. Type II Errors in the Economics of Crime
AbstractTwo real-world observations are not easily replicated in models of crime. First, although capital punishment is optimal in Becker’s (1968) model, it is rarely observed in the real world. Second, criminal procedure and the evaluation of evidence vary across societies and historical periods, the standard of proof being sometimes very high and sometimes quite low. In this paper, we develop a general equilibrium model of judicial procedure allowing for innocent persons being convicted. We show that the median voter theorem applies to this model, making judicial procedure endogenous. So formulated, the model can replicate both empirical observations.
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Bibliographic InfoPaper provided by Stockholm University, Department of Economics in its series Research Papers in Economics with number 2006:1.
Length: 36 pages
Date of creation: 10 Jan 2006
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Criminal law; Judicial error; Burden of proof;
Other versions of this item:
- Persson, Mats & Siven, Claes-Henric, 2006. "The Becker Paradox and Type I vs. Type II Errors in the Economics of Crime," Seminar Papers 741, Stockholm University, Institute for International Economic Studies.
- K40 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-01-24 (All new papers)
- NEP-LAW-2006-01-24 (Law & Economics)
- NEP-REG-2006-01-24 (Regulation)
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