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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Bibliographische Detailangaben
1. VerfasserIn: Joaquim P. Andrade (VerfasserIn)
Beteiligte: Vladimir Kühl Teles
Medienart: Elektronisch Buch
Sprache:Englisch
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Zusammenfassung: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.