Are "Gangstas" Peacocks? The Handicap Principle and Illicit Markets
Criminals who wear gang colors are acting in a surprisingly brazen way which must increase the probability of being caught and punished by the police.� In our model this brazen behavior is a solution to an enforcement problem.� The central idea is that less able criminals see lower gains from continued participation in crime because they will be caught and punished more often.� Lower future gains imply that reputational concerns will be less effective at enforcing honesty.� Only dealing with brazen criminals will become a good way to avoid dealing with incompetent criminals, because they cannot afford to mimic the brazen behavior.� The principle is similar to the selection for a handicap in evolutionary biology.
|Date of creation:||01 Jul 2011|
|Date of revision:|
|Contact details of provider:|| Postal: Manor Rd. Building, Oxford, OX1 3UQ|
Web page: http://www.economics.ox.ac.uk/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Okuno-Fujiwara Masahiro & Postlewaite Andrew, 1995. "Social Norms and Random Matching Games," Games and Economic Behavior, Elsevier, vol. 9(1), pages 79-109, April.
When requesting a correction, please mention this item's handle: RePEc:oxf:wpaper:558. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Monica Birds)
If references are entirely missing, you can add them using this form.