A Simple Model of Optimal Deterrence and Incapacitation

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A Simple Model of Optimal Deterrence and Incapacitation

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Title: A Simple Model of Optimal Deterrence and Incapacitation
Author: Shavell, Steven
Citation: Steven Shavell, A Simple Model of Optimal Deterrence and Incapacitation (Harvard John M. Olin Discussion Paper Series Discussion Paper No. 802, Dec. 2014, 42 Int'l Rev. L. & Econ. 13 (2015)).
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Abstract: The deterrence of crime and its reduction through incapacitation are studied in a simple multiperiod model of crime and law enforcement. Optimal imprisonment sanctions and the optimal probability of sanctions are determined. A point of emphasis is that the incapacitation of individuals is often socially desirable even when they are potentially deterrable. The reason is that successful deterrence may require a relatively high probability of sanctions and thus a relatively high enforcement expense. In contrast, incapacitation may yield benefits no matter how low the probability of sanctions is—implying that incapacitation may be superior to deterrence.
Published Version: http://www.law.harvard.edu/programs/olin_center/papers/pdf/Shavell_802.pdf
Other Sources: http://ssrn.com/Abstract=2534579
Terms of Use: This article is made available under the terms and conditions applicable to Other Posted Material, as set forth at http://nrs.harvard.edu/urn-3:HUL.InstRepos:dash.current.terms-of-use#LAA
Citable link to this page: http://nrs.harvard.edu/urn-3:HUL.InstRepos:17916455
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