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Economics of Bail Setting[Note 1. Comments by Kenneth Avio, Mark Gillen, Anming Zhang and ...]
Author(s) -
Lim Boon Tiong,
Quah Euston
Publication year - 1998
Publication title -
bulletin of economic research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.227
H-Index - 29
eISSN - 1467-8586
pISSN - 0307-3378
DOI - 10.1111/1467-8586.00064
Subject(s) - suspect , economics , punishment (psychology) , set (abstract data type) , capital (architecture) , bond , capital punishment , actuarial science , law and economics , law , computer science , political science , finance , psychology , social psychology , archaeology , history , programming language
This paper derives the bail bond that serves as an effective tool in securing a defendant’s attendance at trial. It is shown that it is possible for a moderate bail to be set even for suspected capital offences. The two important determinants in the granting of bail and in the setting of its amount are the defendant’s expected cost of punishment and the probability of reapprehension if the suspect jumps bail. The theoretical results are then shown to be consistent with actual case laws.