Deterrence and the Optimal Use of Prison, Parole, and Probation

38 Pages Posted: 16 May 2017 Last revised: 12 Dec 2018

See all articles by A. Mitchell Polinsky

A. Mitchell Polinsky

Stanford Law School; National Bureau of Economic Research (NBER)

Paul N. Riskind

Stanford Law School

Multiple version iconThere are 2 versions of this paper

Date Written: May 15, 2017

Abstract

In this article we derive the mix of criminal sanctions—choosing among prison, parole, and probation—that achieves any target level of deterrence at least cost. We assume that prison has higher disutility and higher cost per unit time than parole and probation and that potential offenders discount the future disutility of sanctions at a higher rate than the state discounts the future costs of sanctions. Our primary insight is that there is a “front-loading advantage” of imprisonment due to these differential discount rates. This advantage implies that (a) whenever a sentence includes both a prison term and a parole term, the prison term should be imposed first; and (b) it may be optimal to employ a prison term even if prison has higher cost per unit of disutility than parole and probation and even if prison is not needed to achieve the target level of deterrence.

Keywords: Crime, Imprisonment, Parole, Probation, Prison Costs, Deterrence, Sanctions

JEL Classification: H23, K14, K42

Suggested Citation

Polinsky, A. Mitchell and Riskind, Paul N., Deterrence and the Optimal Use of Prison, Parole, and Probation (May 15, 2017). Stanford Law and Economics Olin Working Paper No. 507. Available at SSRN: https://ssrn.com/abstract=2968614 or http://dx.doi.org/10.2139/ssrn.2968614

A. Mitchell Polinsky (Contact Author)

Stanford Law School ( email )

559 Nathan Abbott Way
Stanford, CA 94305-8610
United States
650-723-0886 (Phone)
650-723-3557 (Fax)

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Paul N. Riskind

Stanford Law School ( email )

559 Nathan Abbott Way
Stanford, CA 94305-8610
United States

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
109
Abstract Views
762
rank
249,880
PlumX Metrics