CRIME AND PUNISHMENT WITH HABIT FORMATION

Moral concepts affect crime supply. This idea is modelled assuming that illegal activities is habit forming. We introduce habits in a intertemporal general equilibrium framework to illegal activities and compare its outcomes with a model without habit formation. The findings are that habit (i) reduces the crime level; (ii) reduces the marginal effect of illegal activities return on crime; (iii) reduces the efficacy of punishment.

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Year of publication:	2005
Authors:	Teles, Vladimir Kühl ; Andrade, Joaquim P.
Institutions:	Associação dos Centros de Pós-Graduação em Economia - ANPEC

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Series:	Anais do XXXIII Encontro Nacional de Economia [Proceedings of the 33th Brazilian Economics Meeting].
Type of publication:	Book / Working Paper
Language:	English
Classification:	K42 - Illegal Behavior and the Enforcement of Law ; K14 - Criminal Law
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004968488