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SSRN Electronic Journal
Article . 2002 . Peer-reviewed
Data sources: Crossref
https://dx.doi.org/10.7892/bor...
Other literature type . 2024
Data sources: Datacite
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Subgame Perfect Punishment for Repeat Offenders

Authors: Winand Emons;

Subgame Perfect Punishment for Repeat Offenders

Abstract

First we show that for wealth-constrained agents who may commit an act twice the optimal sanctions are the offender's entire wealth for the first and zero for the second crime. Then we ask the question whether this decreasing sanction scheme is subgame perfect (time consistent), i.e., does a rent-seeking government stick to this sanction scheme after the first crime has occurred. If the benefit and/or the harm from the crime are not too large, this is indeed the case; otherwise, equal sanctions for both crimes are optimal.

Country
Switzerland
Related Organizations
Keywords

crime and punishment; repeat offenders; subgame perfection, 330 Economics, jel: jel:D82, jel: jel:K41, jel: jel:K42

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
Green
bronze