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Optimising Criminal Behaviour and the Disutility of Prison

Author

Listed:
  • Giovanni Mastrobuoni
  • David A Rivers

Abstract

We use rich microdata on bank robberies to estimate individual-level disutilities of imprisonment. The identification rests on the money versus apprehension trade-off that robbers face inside the bank when deciding whether to leave or collect money for an additional minute. The distribution of the disutility of prison is not degenerate, generating heterogeneity in behaviour. Our results show that unobserved heterogeneity in robber ability is important for explaining outcomes in terms of haul and arrest. Furthermore, higher ability robbers are found to have larger disutilities, suggesting that increased sentence lengths might effectively target these more harmful criminals.

Suggested Citation

  • Giovanni Mastrobuoni & David A Rivers, 2019. "Optimising Criminal Behaviour and the Disutility of Prison," The Economic Journal, Royal Economic Society, vol. 129(619), pages 1364-1399.
    • Handle: RePEc:oup:econjl:v:129:y:2019:i:619:p:1364-1399.
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    File URL: http://hdl.handle.net/10.1111/ecoj.12602
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    Cited by:

    1. Yu Aoki & Theodore Koutmeridis, 2019. "Shaking Criminal Incentives," Working Papers 2019-13, Business School - Economics, University of Glasgow.
    2. Stefano Castriota & Mirco Tonin, 2023. "Stay or flee? Hit-and-run accidents, darkness and probability of punishment," European Journal of Law and Economics, Springer, vol. 55(1), pages 117-144, February.
    3. Aoki, Yu & Koutmeridis, Theodore, 2019. "Shaking Criminal Incentives," IZA Discussion Papers 12781, IZA Network @ LISER.

    More about this item

    JEL classification:

    • K40 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - General
    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law
    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government

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