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Social Welfare and the Benefits to Crime

26 Pages Posted: 18 Jan 2012 Last revised: 18 Jul 2012

Philip A. Curry

University of Waterloo

Matthew Doyle

University of Waterloo

Date Written: January 17, 2012

Abstract

There exists a large literature on the optimal deterrence of crime. Within the literature, however, there exists a controversy over what the appropriate criterion is to determine optimality. The most popular method is that of maximization of a utilitarian welfare function. The controversy stems from the fact that the benefits to crime are included in the welfare analysis. Another criterion that could be used is that of cost minimization. This paper demonstrates that maximizing the sum of utilities is in fact equivalent to minimizing the costs of crime. The model developed also provides explanations for sanctions that increase in one's criminal history and why necessity may be a partial defense.

Keywords: economics of crime, social welfare

JEL Classification: K14, D63

Suggested Citation

Curry, Philip A. and Doyle, Matthew, Social Welfare and the Benefits to Crime (January 17, 2012). Available at SSRN: https://ssrn.com/abstract=1987177 or http://dx.doi.org/10.2139/ssrn.1987177

Philip A. Curry (Contact Author)

University of Waterloo ( email )

Waterloo, Ontario N2L 3G1
Canada

Matthew Doyle

University of Waterloo ( email )

Waterloo, Ontario N2L 3G1
Canada

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