This review of the criminal deterrence literature focuses on the questions that are largely
missing from many recent excellent and comprehensive reviews of that literature and even …

Punishment, as an incentive mechanism, was normally carried out with a certain fixed
probability in previous studies. But in a real legal society, recidivists are punished more than …

Escalating penalties for repeat offenders are a pervasive feature of punishment schemes in
various contexts, but economic theory has had a hard time rationalizing the practice. This …

There is a presumption in the law and economics literature that criminals are more deterred
by the certainty of punishment than by the severity of punishment,'leading many legal …

This article considers the possibility of simultaneously reducing crime, prison sentences, and
the tax burden of financing the criminal justice system by introducing rewards, which operate …

Whether costly punishment encourages cooperation is one of the principal questions in
studies on the evolution of cooperation and social sciences. In society, punishment helps …

Often monitoring agencies (principal) do not have enough resources to monitor all agents,
and violations are unavoidable. Questions arise regarding the structure of the monitoring …

Economic analyses of criminal law are frequently and heavily criticized for being unable to
explain many criminal law rules and doctrines people find intuitively just. Existing economic …

Expungement refers to the legal practice of having one's criminal record sealed. These legal
devices lower the visibility of a person's criminal record, and thereby reduce the informal …

This article analyses the optimal punishment structure set by a regulator in banking markets
under asymmetric information. Relying on a theoretical model, we analyse whether a …