Credible Criminal Enforcement
Economic models of crime and punishment implicitly assume that the government can credibly commit to the fines, sentences, and apprehension rates it has chosen. We study the government's problem when credibility is an issue. We find that several of the standard predictions of the economic model of crime and punishment are robust to commitment, but that credibility may in some cases result in lower apprehension rates, and hence a higher crime rate, compared to the static version of the model.
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| Length: | 15 pages |
| Date of creation: | Oct 2003 |
| Date of revision: | |
| Handle: | RePEc:uct:uconnp:2003-40 |
| Contact details of provider: | Postal: University of Connecticut 365 Fairfield Way, Unit 1063 Storrs, CT 06269-1063 Phone: (860) 486-4889 Fax: (860) 486-4463 Web page: http://www.econ.uconn.edu/ More information through EDIRC
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References listed on IDEAS
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.:
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NBER Working Papers
6993, National Bureau of Economic Research, Inc.
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"Subgame Perfect Punishment for Repeat Offenders,"
CEPR Discussion Papers
3667, C.E.P.R. Discussion Papers.
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- Winand Emons, 2002. "Subgame Perfect Punishment for Repeat Offenders," Diskussionsschriften dp0211, Universitaet Bern, Departement Volkswirtschaft.
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- BOADWAY, Robin & MARCEAU, Nicolas & MARCHAND, Maurice, 1994. "Time-Consistent Criminal Sanctions," CORE Discussion Papers 1994010, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Robin W. Boadway & Nicolas Marceau, 1993. "Time-Consistent Criminal Sanctions," Working Papers 883, Queen's University, Department of Economics.
- Boadway, R. & Marceau, N. & Marchand, M., 1993. "Time-Consistent Criminal Sanctions," Papers 9318, Laval - Recherche en Politique Economique.
- BOADWAY, Robin & MARCEAU, Nicolas & MARCHAND, Maurice, . "Time-consistent criminal sanctions," CORE Discussion Papers RP 1337, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- 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.
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- Gary S. Becker, 1974. "Crime and Punishment: An Economic Approach," NBER Chapters, in: Essays in the Economics of Crime and Punishment, pages 1-54 National Bureau of Economic Research, Inc.
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