A simple model of optimal deterrence and incapacitation
Steven Shavell
International Review of Law and Economics, 2015, vol. 42, issue C, 13-19
Abstract:
The deterrence of crime and its reduction through incapacitation are studied in a simple multiperiod model of crime and law enforcement. Optimal imprisonment sanctions and the optimal probability of sanctions are determined. A point of emphasis is that the incapacitation of individuals is often socially desirable even when they are potentially deterrable. The reason is that successful deterrence may require a relatively high probability of sanctions and thus a relatively high enforcement expense. In contrast, incapacitation may yield benefits no matter how low the probability of sanctions is—implying that incapacitation may be superior to deterrence.
Keywords: Crime; Deterrence; Incapacitation (search for similar items in EconPapers)
JEL-codes: K14 K42 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (5)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:irlaec:v:42:y:2015:i:c:p:13-19
DOI: 10.1016/j.irle.2014.11.005
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