Crime and Punishment: Further Results

Universitat Pompeu Fabra Economics WP No. 344

10 Pages Posted: 27 Jan 1999

See all articles by Nuno Garoupa

Nuno Garoupa

George Mason University - Antonin Scalia Law School, Faculty

Date Written: November 1998

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.

JEL Classification: D8, K4

Suggested Citation

Garoupa, Nuno, Crime and Punishment: Further Results (November 1998). Universitat Pompeu Fabra Economics WP No. 344. Available at SSRN: https://ssrn.com/abstract=145756 or http://dx.doi.org/10.2139/ssrn.145756

Nuno Garoupa (Contact Author)

George Mason University - Antonin Scalia Law School, Faculty ( email )

3301 Fairfax Drive
Arlington, VA 22201
United States

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