Crinò, Rosario; Immordino, Giovanni; Piccolo, Salvatore - 2017
We test the rational economic model of marginal deterrence of law enforcement - i.e., the need for graduating the … marginal deterrence, we show that sentence length is increasing in maximum penalty and decreasing in monitoring cost. We also … provide evidence that steeper sanctions are associated with less severe crimes, consistent with marginal deterrence being e …