Coase-Sandor Working Paper Series in Law and Economics
Publication Date
2008
Publication Title
Law & Economics Working Papers
Abstract
A behavioral economics literature identifies how behaviorally-derived assumptions affect the economic analysis of criminal law and public law enforcement. We review and extend that literature. Specifically, we consider the effect of cognitive biases, prospect theory, hedonic adaptation, hyperbolic discounting, fairness preferences, and other deviations from standard economic assumptions on the optimal rules for deterring potential offenders and for regulating (or motivating) potential crime victims, legislators, police, prosecutors, judges, and juries.
Number
440
Recommended Citation
Richard H. McAdams & Thomas S. Ulen, "Behavioral Criminal Law and Economics" (John M. Olin Program in Law and Economics Working Paper No. 440, 2008).
Additional Information
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