Individual Decision-Making to Commit a Crime: Early Models
AbstractThe authors provide the summary of the most important findings of the early models of economics of crime, namely the models of Becker, Ehrlich and Heineke. These models study rational individual decision-making about entering into illegal activities. Probability and siže of punishment, attitudes towards risk, gains form crime and income are the main variables which causes the results of the individual behavior. The authors also discuss weaknesses of these models such as its static nature or ignoring interactive decision-making. The relationship to the theory of optimal law enforcement is also presented.
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Bibliographic InfoPaper provided by EconWPA in its series Law and Economics with number 0210001.
Length: 18 pages
Date of creation: 11 Oct 2002
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Note: Type of Document - Word PC; pages: 18
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economics of crime individual decision-making;
Find related papers by JEL classification:
- K14 - Law and Economics - - Basic Areas of Law - - - Criminal Law
This paper has been announced in the following NEP Reports:
- NEP-LAW-2002-10-18 (Law & Economics)
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