Crime, Punishment and Deterrence — Markets for Illegal Activities and the Economics of Public Law Enforcement

Alex Robson ()

Chapter 9 in Law and Markets, 2012, pp 246-282 from Palgrave Macmillan

Abstract: Abstract In previous chapters we examined legal rules that govern private harms and breaches of private agreements. This chapter analyses markets for illegal activities, which are thought to generate a more widely dispersed kind of social harm and which, in general, cannot be perfectly detected or enforced.

Keywords: Crime Rate; Demand Curve; Illegal Activity; Marginal Benefit; Efficient Level (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-35494-4_9

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DOI: 10.1057/9780230354944_9

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