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Reward Offered, No Questions Asked: An Analysis of Rewarded Theft

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  • Eliakim Katz
  • Jacob Rosenberg

Abstract

The legal owner of a stolen good generally puts a higher value on that good than does the thief. There are therefore potential gains from trade between a legal owner and a successful thief. However, by trading with a thief, the legal owner is encouraging theft for 'ransom'. Should then negotiations between legal owners and thieves be outlawed? In this paper we suggest a framework for answering this question. We find that allowing such negotiations to take place may enhance the "ex ante" expected utility of owners. Copyright (c) The London School of Economics and Political Science 2004.

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  • Eliakim Katz & Jacob Rosenberg, 2004. "Reward Offered, No Questions Asked: An Analysis of Rewarded Theft," Economica, London School of Economics and Political Science, vol. 71(283), pages 501-506, August.
  • Handle: RePEc:bla:econom:v:71:y:2004:i:283:p:501-506
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    Cited by:

    1. Motta, Alberto & Burlando, Alfredo, 2007. "Self reporting reduces corruption in law enforcement," MPRA Paper 5332, University Library of Munich, Germany, revised 23 Jun 2007.

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