Economics of Crime
University of Oslo
Paul H. Rubin
Emory University - Department of Economics
Emory University School of Law
Foundations and Trends in Microeconomics, Vol. 2, No. 3, 2006
Emory Law and Economics Research Paper No. 11-114
This paper starts with a review the economics of criminal behavior. Then, the authors discuss the theory of public enforcement. The economic analysis of criminal behavior and criminal law has been a hugely successful enterprise. As an academic enterprise, it has achieved the goal of research – it has generated a large and growing literature. More important than academic success, however, has been the influence of this branch of learning on actual practice. The understanding of deterrence effects and rational responses by criminals has substantially changed the purpose and functioning of the criminal justice system.
Number of Pages in PDF File: 77
Keywords: criminal behavior, economics of crime
JEL Classification: K00, K14
Date posted: August 19, 2011 ; Last revised: May 29, 2012
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