Jensen, Sissel; Kvaløy, Ola; Olsen, Trond; Sørgard, Lars - Handelshøgskolen, Universitetet i Stavanger - 2013
The economics of crime and punishment postulates that higher punishment leads to lower crime levels, or less severe crime. It is how- ever hard to get empirical support for this rather intuitive relationship. This paper offers a model that can contribute to explain why this is the case. We show...