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Dynamic Economic Models of Optimal Law Enforcement
[chapter]
1999
Modelling and Decisions in Economics
Since Becker's (1968) seminal work on crime and punishment economists see a task in the optimal allocation of resources to reduce illegal behaviour. In some follow-up studies Becker's approach, which is essentially static, has been extended by including intertemporal aspects. It turns out that efficient law enforcement in a dynamic context is a sophisticated task revealing some important and new aspects of optimal crime control. In particular, we will stress that optimal control theory and
doi:10.1007/978-3-662-12519-9_16
fatcat:wsf6ne2ud5fqbkoa54aev7ecua