Behavioral Economics of Crime Rates and Punishment Levels
Empirical studies have shown, paradoxically, that increasing the probability of apprehension can correlate with an increase in the total number of criminal actions. To examine this phenomenon, we develop a dynamic model of “personal rules” in which forgetfulness and hyperbolic discounting together c...
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| Main Authors: | , |
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| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
2016
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10356/81339 http://hdl.handle.net/10220/40843 |
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| Institution: | Nanyang Technological University |
| Language: | English |