Crime and punishment: Further results

Nuno Garoupa

Economics Working Papers from Department of Economics and Business, Universitat Pompeu Fabra

Abstract: I consider a general specification of criminals' objective function and argue that, when the general non-expected utility theory is substituted for the traditional expected utility theory, the high-fine-low-probability result (Becker, 1968) only holds under specific and strong restrictions.

Keywords: Certainty and severity of punishment; expected and non-expected utilities (search for similar items in EconPapers)
JEL-codes: D8 K4 (search for similar items in EconPapers)
Date: 1998-11
New Economics Papers: this item is included in nep-mic
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Citations: View citations in EconPapers (1)

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