Crime and Punishment with Habit Formation

منو

" Crime and Punishment with Habit Formation "
Kuhl Teles, Vladimir

Document Type	:	AL
Record Number	:	917537
Doc. No	:	LA38n6674m
Title & Author	:	Crime and Punishment with Habit Formation [Article]\ Kuhl Teles, Vladimir
Date	:	2005
Title of Periodical	:	UC Berkeley
Abstract	:	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