CRIME AND PUNISHMENT WITH HABIT FORMATION

Moral concepts affect crime supply. This idea is modelled assuming that illegal activities is habit forming. We introduce habits in a intertemporal general equilibrium framework to illegal activities and compare its outcomes with a model without habit formation. The findings are that habit (i) reduc...

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Detalles Bibliográficos
Autor principal: Joaquim P. Andrade (Autor)
Otros Autores: Vladimir Kühl Teles
Tipo de documento: Electrónico Libro
Lenguaje:Inglés
Acceso en línea: Volltext (kostenfrei)
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Research
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Sumario:Moral concepts affect crime supply. This idea is modelled assuming that illegal activities is habit forming. We introduce habits in a intertemporal general equilibrium framework to illegal activities and compare its outcomes with a model without habit formation. The findings are that habit (i) reduces the crime level; (ii) reduces the marginal effect of illegal activities return on crime; (iii) reduces the efficacy of punishment.