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Deterrence and incapacitation: towards a unified theory of criminal punishment (2009).
| Content Provider | CiteSeerX |
|---|---|
| Author | Miceli, Thomas J. |
| Abstract | Economic models of crime have focused primarily on the goal of deterrence; the goal of incapacitation has received much less attention. This paper adapts the standard deterrence model to incorporate incapacitation. When prison only is used, incapacitation can result in a longer or a shorter optimal prison term compared to the deterrence-only model. It is longer if there is underdeterrence, and shorter if there is overdeterrence. In contrast, when a fine is available and it is not constrained by the offender’s wealth, the optimal prison term is zero. Since the fine achieves first-best deterrence, only efficient crimes are committed and hence, there is no gain from incapacitation. |
| File Format | |
| Publisher Date | 2009-01-01 |
| Access Restriction | Open |
| Subject Keyword | Criminal Punishment Unified Theory Optimal Prison Term Standard Deterrence Model Efficient Crime Economic Model First-best Deterrence Offender Wealth Deterrence-only Model |
| Content Type | Text |
| Resource Type | Article |
