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INTEGRATING MARKET ALTERNATIVES INTO THE ECONOMIC THEORY OF OPTIMAL DETERRENCE.

Leading economic models of crime assume that potential criminals achieve their ends by criminal means or not at all. We develop a framework in which potential criminals can also attain their objectives through voluntary trade. Our framework helps explain several features of the legal system that hav...

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Published in:Economic Inquiry Vol. 54; no. 4; pp. 1873 - 1884
Main Authors: Curry, Philip A., Doyle, Matthew
Format: Article
Published: Wiley-Blackwell Oct2016
Subjects:
Economic models
Criminal records
Commerce
Law enforcement
Punishment
Online Access:View this record in EBSCOhost

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