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Economics of CrimeErling EideUniversity of Oslo Paul H. RubinEmory University - Department of Economics Joanna ShepherdEmory University School of Law 2006 Foundations and Trends in Microeconomics, Vol. 2, No. 3, 2006 Emory Law and Economics Research Paper No. 11-114 Abstract: 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 Accepted Paper SeriesDate posted: August 19, 2011 ; Last revised: May 29, 2012Suggested CitationContact Information
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