English, Article, Journal or magazine article edition: CRIME AND PUNISHMENT WITH HABIT FORMATION Vladimir Kühl Teles; Joaquim P. Andrade

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Bookmark: http://trove.nla.gov.au/version/123170
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • CRIME AND PUNISHMENT WITH HABIT FORMATION
Author
  • Vladimir Kühl Teles
  • Joaquim P. Andrade
Physical Description
  • preprint
Notes
  • 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.
  • RePEc:anp:en2005:090
Language
  • English
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