Marginal Deterrence When Offenders Act Sequentially
Marginal deterrence concerns the incentives created by criminal penalties for o enders to refrain from committing more harmful acts. We show that when offenders act sequentially, it is often optimal for the level of the sanction, not just the expected sanction, to rise with the severity of the act, even when enforcement is specific.
|Date of creation:||May 2014|
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NBER Working Papers
11780, National Bureau of Economic Research, Inc.
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National Bureau of Economic Research, Inc.
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