This note develops a dynamic model of crime that determines the conditions under which it is optimal for a criminal to delay commission of a crime rather than committing it immediately. It also examines the optimal enforcement strategy in this context. We derive two results. The first is that it...

We analyze the impact of policing and socio-economic variables on crime in England and Wales during 1992-2007 using the quantile regression model which enables us to analyze different points of the crime distribution. The quantile regression model allows us to analyze whether or not the factors...

This paper uses recently unveiled monthly information from the Hellenic Ministry of Finance on tax audits targeted to large enterprises, high wealth individuals and VAT non-filers and finds evidence that an increase in the number of audits can boost revenue performance. A 1 percent increase in...

This article aims at studying the impact of return on education on criminal behaviour. A dynamic model of time allocation between investment in human capital, labour and criminal activity is developed, assuming that these activities are substitutable and endogenous. Our attention focuses on the...

Paying different wages to workers of equal productivity because of demographic groups to which they belong is illegal in the US and other Western countries. Yet, the vast economic literature on wage discrimination has entirely overlooked this fact when modeling the employer's discriminatory...

Once a contract has been agreed by two agents, the problem of renegotiating breach under two-sided asymmetric information on the agents' outside options is equivalent to the problem of bilateral trade with uncertain gains. Thus, the theorem of Myerson and Satterthwaite (1983) implies the...

This paper shows that fairness concerns are a stand-alone driver of self-reporting as part of optimal law enforcement. If society cares about individuals who are wrongly acquitted or are wrongly convicted, self-reporting is advantageous. This continues to hold as we allow for fairness concerns...

Only legal facts should affect the application of the death penalty. This maxim is manifested in the U.S. constitution and stipulated by the Supreme Court. With regard to extra-legal economic factors, it has been applied to practice from 1950 to 1990 with the exception of two states: For...

This paper shows a world where the individual practices concomitantly legal and illegal activities in two period of their lifetime. The results of the two-period model unveil that effectiveness of anti-money laundering policies and increase of probability of the agent to be apprehended and...

This paper investigates whether monetary and fiscal policies, such as lump-sum taxes, distortionary taxation and monetization of public deficit, have criminal impacts. We address this question extending the neoclassical monetary growth model. We have demonstrated that fiscal policies affect...