Assume that the payoff function y(x) increases by a constant k, so that y(x) becomes y(x) +

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Assume that the payoff function y(x) increases by a constant k, so that y(x) becomes y(x) + k. What is the effect on the criminal’s behavior?

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Law and economics

ISBN: 978-0132540650

6th Edition

Authors: Robert cooter, Thomas ulen

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Question Posted: Aug 10, 2012 03:47 AM

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Assume that the payoff function y(x) increases by a constant k, so that y(x) becomes y(x) +

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These questions are a bit advanced and require some familiarity with calculus Adding a constant k to ...View the full answer

Law and economics

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