Koyama, Mark (2012): The Law and Economics of Private Prosecutions in Industrial Revolution England.
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Can the market provide law enforcement? This paper addresses this question by examining an historical case-study: the system of private prosecutions that prevailed in England prior to the introduction of the police. Using a model of the market for crime, I examine why this system came under strain during the Industrial Revolution, and how private associations were able to emerge to internalize the externalities that caused the private system to generate too little deterrence. The model and historical evidence suggest that these private order institutions were partially successful in meliorating the problem of crime in a period when Public Choice considerations precluded the introduction of a professional police force.
|Item Type:||MPRA Paper|
|Original Title:||The Law and Economics of Private Prosecutions in Industrial Revolution England|
|Keywords:||Economics of Crime; Private Prosecutions; Club Goods; Deterrence; Free- Riding|
|Subjects:||N - Economic History > N1 - Macroeconomics and Monetary Economics ; Industrial Structure ; Growth ; Fluctuations > N13 - Europe: Pre-1913
K - Law and Economics > K0 - General > K00 - General
K - Law and Economics > K4 - Legal Procedure, the Legal System, and Illegal Behavior > K42 - Illegal Behavior and the Enforcement of Law
K - Law and Economics > K1 - Basic Areas of Law > K14 - Criminal Law
N - Economic History > N4 - Government, War, Law, International Relations, and Regulation > N43 - Europe: Pre-1913
|Depositing User:||Mark Koyama|
|Date Deposited:||06. Aug 2012 12:10|
|Last Modified:||08. Mar 2015 09:54|
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