Crime, Punishment, and Social Expenditure

@inproceedings{Osborne1995CrimePA,
  title={Crime, Punishment, and Social Expenditure},
  author={Martin J. Osborne and Dan Bernhardt and Martin Browning and Curtis Eaton and William P. Furlong and David Greenberg and Lewis A. Kornhauser and Peter Kuhn and Peter C. McCabe},
  year={1995}
}
Criminal activity can be controlled by punishment, and by social expenditure both on enforcement and redistributive transfers which increase the opportunity cost of imprisonment. Individuals may diier in the combinations of these policies that they prefer. We study the dependence of these preferences on the individuals' characteristics and the nature of the crime under consideration. A political mechanism determines the policy adopted by society. Diierences in the policies adopted across… CONTINUE READING

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