Individual Decision-Making to Commit a Crime: A Survey of Early Models

Roman Horvath and Eva Kolomazníková
Authors registered in the RePEc Author Service: Eva Horvathova

Czech Journal of Economics and Finance (Finance a uver), 2003, vol. 53, issue 3-4, 154-168

Abstract: The authors provide a survey of the most important findings of the early models of the economics of crime, namely the models of Becker, Ehrlich and Heineke. These models study rational individual decision-making about entering into illegal activities. Probability and size of punishment, attitudes towards risk, gains from crime and income are the main variables influencing the results of individual behavior. The authors also discuss weaknesses of these models such as their static nature or the absence of interactive decision-making. The relationship to the theory of optimal law enforcement is also presented.

Keywords: economics of crime; individual decision-making; rationality; rent seeking (search for similar items in EconPapers)
JEL-codes: D62 D71 D81 K14 (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:fau:fauart:v:53:y:2003:i:3-4:p:154-168

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