Abstract:
A convicted criminal suffers not only from public penalties but from stigma, the reluctance of others to interact with him economically and socially. Conviction can convey useful information about the convicted, which makes stigmatization an important and legitimate function of the criminal justice system quite apart from moral considerations. The magnitude of stigma depends on expectations and the crime rate, however, which can lead to multiple, Pareto-ranked equilibria with different amounts of crime. Copyright 1996 by the University of Chicago.
Journal of Law & Economics is edited by Dennis W. Carlton, Austan Goolsbee, Randall S. Krosner, Douglas Lichtman and Edward A. Snyder
More articles in Journal of Law & Economics from University of Chicago Press Address: The University of Chicago Press, Journals Division, P.O. Box 37005 Chicago, IL 60637 Series data maintained by Christopher F. Baum ().
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