Garoupa, Nuno. Crime and Punishment: Further Results. 2005
http://hdl.handle.net/10230/543
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Title:
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Crime and Punishment: Further Results |
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Author:
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Garoupa, Nuno
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Other authors:
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Universitat Pompeu Fabra. Departament d'Economia i Empresa
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Abstract:
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I consider a general specification of criminals' objective function and argue that, when the general non-expected utility theory is substituted for the traditional expected utility theory, the high-fine-low-probability result (Becker, 1968) only holds under specific and strong restrictions.
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Document type:
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Working paper
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Date:
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2005 |
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Rights:
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