A Note on the Optimal Punishment for Repeat Offenders
AbstractAgents may commit a crime twice. The act is inefficient so that the agents are to be deterred. The agents are wealth constrained so that increasing the fine for the first offense means a reduction in the sanction for the second offense and vice versa. The agents may follow history dependent strategies. The government seeks to minimize the probability of apprehension. The optimal sanction scheme is decreasing rather than increasing in the number of offenses. Indeed, the sanction for the first offense equals the entire wealth while the sanction for the second offense is zero.
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crime and punishment; repeat offenders;
Other versions of this item:
- Emons, Winand, 2003. "A note on the optimal punishment for repeat offenders," International Review of Law and Economics, Elsevier, vol. 23(3), pages 253-259, September.
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- K41 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Litigation Process
- K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law
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