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Finders Keepers: Forfeiture Laws, Policing, And Local Budgets, Mireille Jacobson
Finders Keepers: Forfeiture Laws, Policing, And Local Budgets, Mireille Jacobson
Mireille Jacobson
No abstract provided.
Crime Prospects And Prospect Theory, Ram Ranjan
Crime Prospects And Prospect Theory, Ram Ranjan
Ram Ranjan
This paper models criminal behavior in a dynamic optimization setting where psychological factors such as subjective risk perception and time preferences play a key role in inducing illegal actions. When psychological perceptions over the actual magnitude of the reward and over the subjective risks of finding a victim or of being caught are dynamic, their influence on crime efforts could vary. Specifically, increasing punishment over rewards, ceteris paribus, deters crime, but increasing punishment and monitoring simultaneously, may encourage crime in the long term. It is also demonstrated that it may not be possible to distinguish between the impacts of hyperbolic …
Antidiscrimination Law, John Donohue
Antidiscrimination Law, John Donohue
John Donohue
This essay provides an overview of the central theoretical law and economics insights and empirical findings concerning antidiscrimination law across a variety of contexts including discrimination in labor markets, housing markets, consumer purchases, and policing. The different models of discrimination based on animus, statistical discrimination, and cartel exploitation are analyzed for both race and sex discrimination. I explore the theoretical arguments for prohibiting private discriminatory conduct in light of the tensions that exist between concerns for liberty and equality. I also discuss the complexities in empirically establishing the existence of discrimination and highlight the critical point that one cannot automatically …
Economics Of Plea Bargaining, Richard Adelstein
Economics Of Plea Bargaining, Richard Adelstein
Richard Adelstein
A short summary of earlier work for a sociological audience.