Crime and social norms
Nuno Garoupa
Portuguese Economic Journal, 2003, vol. 2, issue 3, No 1, 144 pages
Abstract:
Abstract. In this paper, we develop a general equilibrium model of crime. It is shown that law and norms are substitutes in achieving a stable equilibrium. Here we offer a new interpretation of different theories of social norms in the context of crime and deterrence. The law and economics theory is presented as an ‘opportunism-limiting’ approach to norms whereas the evolutionary theory is presented as an ‘opportunity cost’ approach.
Keywords: Crime; Punishment; Norms (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:spr:portec:v:2:y:2003:i:3:d:10.1007_s10258-003-0022-7
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DOI: 10.1007/s10258-003-0022-7
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