A Simple Theory of Increasing Penalties for Repeat Offenders
نویسندگان
چکیده
منابع مشابه
Subgame Perfect Punishment for Repeat Offenders
First we show that for wealth-constrained agents who may commit an act twice the optimal sanctions are the offender’s entire wealth for the first and zero for the second crime. Then we ask the question whether this decreasing sanction scheme is subgame perfect (time consistent), i.e., does a rent-seeking government stick to this sanction scheme after the first crime has occurred. If the benefit...
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The objective of the present study was to determine the grades of nonspecific bacterial infection of genitalia of repeat breeding cattle by a simple and rapid test under field condition. For this purpose, a total of 100 crossbred Jersey cows comprising of 80 repeat breeding animals presented for treatment and 20 normal cyclic (control group) animals presented for artificial insemination at thei...
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Agents may commit a crime twice. The act is inefficient so that the agents are to be deterred. The agents are wealth constrained so that increasing the fine for the first offense means a reduction in the sanction for the second offense and vice versa. The agents may follow history dependent strategies. The government seeks to minimize the probability of apprehension. The optimal sanction scheme...
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ژورنال
عنوان ژورنال: Review of Law & Economics
سال: 2005
ISSN: 1555-5879
DOI: 10.2202/1555-5879.1011