The deterrent effect reconsidered: The minimum-time approach

Hiroya Akiba

研究成果: Article

2 引用 (Scopus)

抜粋

This article reconsiders the deterrent effect in the economics of crime according to Becker-Ehrlich's model of optimal allocation of time under uncertainty. In a particular group of crime suppliers, we can think of a certain type of individuals who are concerned with the minimum time allocated to illegal activities. Thus, our analysis is closer in spirit to that of insurance under conditions of risk. It is proved that the aforementioned individuals will increase the minimum time allocated to illegal activities when the subjective probability of apprehension exogenously increases. Some empirical estimates of larceny, in Japan are provided.

元の言語English
ページ(範囲)181-192
ページ数12
ジャーナルJournal of Socio-Economics
20
発行部数2
DOI
出版物ステータスPublished - 1991
外部発表Yes

ASJC Scopus subject areas

  • Economics and Econometrics

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