Escalating penalties: a supergame approach

The paper provides an economic rationale for punishing repeat offenders with increasing sanctions. We analyze the optimal intertemporal punishment scheme within a supergame framework, in which the legal authority is assumed to minimize the social costs of punishment under the constraint of keeping d...

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Veröffentlicht in:Economics of governance 2012-03, Vol.13 (1), p.29-49
Hauptverfasser: Endres, Alfred, Rundshagen, Bianca
Format: Artikel
Sprache:eng
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Zusammenfassung:The paper provides an economic rationale for punishing repeat offenders with increasing sanctions. We analyze the optimal intertemporal punishment scheme within a supergame framework, in which the legal authority is assumed to minimize the social costs of punishment under the constraint of keeping delinquency at an exogenously given maximal tolerable level.
ISSN:1435-6104
1435-8131
DOI:10.1007/s10101-011-0101-7