How can crime and punishment be modeled as a principal-agent problem? What does the model suggest about

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How can crime and punishment be modeled as a principal-agent problem? What does the model suggest about crime prevention?

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Microeconomics

ISBN: 978-1292079578

Global Edition 1st Edition

Authors: David Laibson, John List

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Question Posted: Dec 15, 2015 08:02 AM

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How can crime and punishment be modeled as a principal-agent problem? What does the model suggest about

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Crime can be viewed as a moral hazard problem The agent here is the criminal and th...View the full answer

Microeconomics

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