Economics of Crime

77 Pages Posted: 19 Aug 2011 Last revised: 29 May 2012

See all articles by Erling Eide

Erling Eide

University of Oslo

Paul H. Rubin

Emory University - Department of Economics

Joanna Shepherd

Emory University School of Law

Date Written: 2006


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.

Keywords: criminal behavior, economics of crime

JEL Classification: K00, K14

Suggested Citation

Eide, Erling and Rubin, Paul H. and Shepherd, Joanna, Economics of Crime (2006). Foundations and Trends in Microeconomics, Vol. 2, No. 3, 2006 , Emory Law and Economics Research Paper No. 11-114, Available at SSRN:

Erling Eide

University of Oslo ( email )

Karl Johansgt 47
N-0162, Oslo
011 47 22 85 97 36 (Phone)
011 47 22 85 96 20 (Fax)

Paul H. Rubin

Emory University - Department of Economics ( email )

1350 Main Steet #1703
Sarasota, FL 34236
United States
14049310493 (Phone)


Joanna Shepherd (Contact Author)

Emory University School of Law ( email )

1301 Clifton Road
Atlanta, GA 30322
United States
404-727-8957 (Phone)

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