On an anomaly of the deterrent effect of punishment |
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Authors: | Ariel Rubinstein |
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Affiliation: | The Hebrew University, Jerusalem, Israel;Bell Laboratories, Murray Hill, NJ 07974, USA |
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Abstract: | A two period choice problem is presented. An individual has to choose in each period between legal and illegal activities. Two punishment policies are compared: (1) The maximal punishment is imposed even for a first offense. (2) A new offender gets a reduced punishment. It is proved that for a given policy of type 1 there exist a utility function and a policy of type 2 which yields a better deterrent on individual characterized by this utility function. |
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