The standard economic model of crime since Becker (1968) is primarily concerned with deterrence. Actual punishment … fixed, incapacitation can result in a longer or a shorter optimal prison term compared to the deterrence-only model. It is … constrained by offenders' wealth, the optimal prison term is zero. Since the fine achieves first-best deterrence, only efficient …

The standard economic model of crime focuses on the goal of deterrence, but actual punishment schemes, most notably … combines the deterrence and incapacitation motives for criminal punishment. The resulting hybrid model retains the rationality … assumption that is the basis of the pure deterrence model, but assumes that offenders face repeated criminal opportunities over …

This paper develops an economic model of criminal enforcement that combines the goals of deterrence and incapacitation … of deterrence), and an infinite (life) sentence for repeat offenders (based on the goal of incapacitation). …

Economic models of crime have focused primarily on the goal of deterrence; the goal of incapacitation has received much … less attention. This paper adapts the standard deterrence model to incorporate incapacitation. When prison only is used …, incapacitation can result in a longer or a shorter optimal prison term compared to the deterrence-only model. It is longer if there …

deterrence of crime (due to the greater likelihood of apprehension), and the savings in social harm as some offenders are …

deterrence of crime (due to the greater likelihood of apprehension), and the savings in social harm and apprehension costs as …

crimes, it actually hampers deterrence of repeat offenders because of their diminished employments opportunities. We show …