Abstract
The standard economic model of crime assumes criminal incentives depend on (1) the expected payoff from crime, (2) the penalty if apprehended and convicted, (3) the probability of apprehension and conviction, and (4) attitudes toward risk. At times, penalties for failed criminal attempts are also taken into account.
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Pyne, D. (2016). Crime (Incentive to). In: Marciano, A., Ramello, G. (eds) Encyclopedia of Law and Economics. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-7883-6_245-1
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DOI: https://doi.org/10.1007/978-1-4614-7883-6_245-1
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