Deterrence and the Optimal Use of Prison, Parole, and Probation
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In this article we derive the mix of criminal sanctionschoosing among prison, parole, and probationthat achieves any target level of deterrence at least cost. We assume that prison has higher disutility and higher cost per unit time than parole and probation and that potential offenders discount the
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美国国家经济研究局创建时间：
2017-05-01
