Credible Criminal Enforcement
Matthew Baker () and
Thomas Miceli ()
No 2003-40, Working papers from University of Connecticut, Department of Economics
Economic models of crime and punishment implicitly assume that the government can credibly commit to the fines, sentences, and apprehension rates it has chosen. We study the government's problem when credibility is an issue. We find that several of the standard predictions of the economic model of crime and punishment are robust to commitment, but that credibility may in some cases result in lower apprehension rates, and hence a higher crime rate, compared to the static version of the model.
Keywords: Economics of Crime; Credible Commitment; Time Consistency (search for similar items in EconPapers)
JEL-codes: K14 K42 (search for similar items in EconPapers)
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Journal Article: Credible Criminal Enforcement (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:uct:uconnp:2003-40
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