Impunity and Rationality in a Market for Offenses

• Autor(a) principal: Orrillo, Jaime
• Data de Publicação: 2017
• Outros Autores: Fajardo, Jose
• Tipo de documento: Artigo
• Idioma: por
• Título da fonte: Economic Analysis of law Review
• Texto Completo: https://portalrevistas.ucb.br/index.php/EALR/article/view/5748
• topic: Impunity; Crime; Uncertainty

This paper formalizes the concept of impunity in offense markets. Wealso define incompleteness\footnote{If for each crime there is aunique law, then incompleteness could be interpreted as a situationof fragility of the penal code in  punishing crimes. Thus, therewould be space for impunity.} in these markets as a situation wherethe number of laws for each crime committed  is less that theuncertainty  represented by a  finite number of states of nature.Assuming incompleteness, we demonstrate  that  the punishment ofcrimes is a necessary and sufficient condition to find the solutionof the criminal's problem.  A criminal is any agent who is involvedin illegal activities.  Our  result can be viewed as a fundamentaltheorem of crime pricing in the  markets for offenses  that oncethe crimes are priced via impunity.