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 a person, which makes stigmatization an important and legitimate function of the criminal justice system, quite apart from moral considerations. Whether stigma will operate in this way depends on expectations and the crime rate, however, which can lead to multiple, pareto-ranked equilibria with different amounts of crime and stigma.
JEL-codes:K (search for similar items in EconPapers) Date: Written 1995-06-14 Note: A 71KB LaTeX file. A postscript file is available on request from Erasmuse@Indiana.edu. View list of references