What shall we do with the bad dictator?
Recently, the international community has increased its commitment to prosecute malicious dictators - for example by establishing the International Criminal Court. This has raised the international community's loss associated with being time-inconsistent (i.e.: granting amnesties ex post), the idea being that a reduced prospect of amnesty deters dictators from committing atrocities ex ante. Simultaneously, however, this elects dictators of a worse type. Moreover, when the costs of being time-inconsistent are lower than those associated with keeping the dictator in place, the international community will still grant amnesty - thereby making the effective punishment function non-monotonic. Consequently, increased commitment to ex post punishment may actually induce dictators to worsen their behaviour, purely to "unlock" the amnesty option by forcing the international community into time-inconsistency.
|Date of creation:||12 Sep 2013|
|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.:
- Robert J. Barro & David B. Gordon, 1983.
"Rules, Discretion and Reputation in a Model of Monetary Policy,"
NBER Working Papers
1079, National Bureau of Economic Research, Inc.
- Barro, Robert J. & Gordon, David B., 1983. "Rules, discretion and reputation in a model of monetary policy," Journal of Monetary Economics, Elsevier, vol. 12(1), pages 101-121.
- Acemoglu,Daron & Robinson,James A., 2009.
"Economic Origins of Dictatorship and Democracy,"
Cambridge University Press, number 9780521671422, Junio.
- Timothy Besley & Torsten Persson, 2011.
"Fragile States And Development Policy,"
Journal of the European Economic Association,
European Economic Association, vol. 9(3), pages 371-398, 06.
- Besley, Timothy J. & Persson, Torsten, 2011. "Fragile States and Development Policy," CEPR Discussion Papers 8285, C.E.P.R. Discussion Papers.
- Timothy Besley & Torsten Persson, 2011. "Fragile States and Development Policy," STICERD - Economic Organisation and Public Policy Discussion Papers Series 022, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
- Acemoglu, Daron & Robinson, James A, 2006.
"Persistence of Power, Elites and Institutions,"
CEPR Discussion Papers
5603, C.E.P.R. Discussion Papers.
- Robert P. Flood & Peter Isard, 1989. "Monetary Policy Strategies," IMF Staff Papers, Palgrave Macmillan, vol. 36(3), pages 612-632, September.
- Bernardo Guimaraes & Kevin D. Sheedy, 2012.
"A model of equilibrium institutions,"
LSE Research Online Documents on Economics
42017, London School of Economics and Political Science, LSE Library.
- Guimarães, Bernardo & Sheedy, Kevin D., 2012. "A Model of Equilibrium Institutions," CEPR Discussion Papers 8855, C.E.P.R. Discussion Papers.
- Bernardo Guimaraes & Kevin D. Sheedy, 2012. "A Model of Equilibrium Institutions," CEP Discussion Papers dp1123, Centre for Economic Performance, LSE.
- Kevin Sheedy & Bernardo Guimaraes, 2011. "A model of equilibrium institutions," 2011 Meeting Papers 49, Society for Economic Dynamics.
- George Egorov & Konstantin Sonin, 2005.
"The Killing Game: Reputation and Knowledge in Non-Democratic Succession,"
Economics Working Papers
0054, Institute for Advanced Study, School of Social Science.
- Egorov, Georgy & Sonin, Konstantin, 2005. "The Killing Game: Reputation and Knowledge in Non-Democratic Succession," CEPR Discussion Papers 5092, C.E.P.R. Discussion Papers.
- Lohmann, Susanne, 1992. "Optimal Commitment in Monetary Policy: Credibility versus Flexibility," American Economic Review, American Economic Association, vol. 82(1), pages 273-86, March.
- Kydland, Finn E & Prescott, Edward C, 1977. "Rules Rather Than Discretion: The Inconsistency of Optimal Plans," Journal of Political Economy, University of Chicago Press, vol. 85(3), pages 473-91, June.
- Gary S. Becker, 1968.
"Crime and Punishment: An Economic Approach,"
Journal of Political Economy,
University of Chicago Press, vol. 76, pages 169.
- Mats Persson & Claes-Henric Siven, 2007. "The Becker Paradox And Type I Versus Type Ii Errors In The Economics Of Crime," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 48(1), pages 211-233, 02.
- Fischer, Stanley, 1980. "Dynamic inconsistency, cooperation and the benevolent dissembling government," Journal of Economic Dynamics and Control, Elsevier, vol. 2(1), pages 93-107, May.
When requesting a correction, please mention this item's handle: RePEc:oxf:wpaper:671. 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.