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Year of publication
Subject
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Becker proposition 1 Behavioral models of crime and punishment 1 Law and economics 1 Optimal punishment functions 1 Punishment functions 1
Online availability
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Free 1
Type of publication
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Book / Working Paper 1
Language
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English 1
Author
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Dhami, Sanjit 1 al-Nowaihi, Ali 1
Institution
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Department of Economics, Leicester University 1
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Discussion Papers in Economics 1
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RePEc 1
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Hyperbolic Punishment Function
Dhami, Sanjit; al-Nowaihi, Ali - Department of Economics, Leicester University - 2011
All models in Law and Economics use punishment functions (PF) that incorporates a trade-off between probability of detection, p, and punishment, F. Suppose society wishes to minimize the total costs of enforcement and damages from crime, T (p; F). For a given p, an optimal punishment function...
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