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State executions, deterrence, and the incidence of murder AgEcon
Zimmerman, Paul R..
This study employs a panel of U.S. state-level data over the years 1978-1997 to estimate the deterrent effect of capital punishment. Particular attention is paid to problems of endogeneity bias arising from the non-random assignment of death penalty laws across states and a simultaneous relationship between murders and the deterrence probabilities. The primary innovation of the analysis lies in the estimation of a simultaneous equations system whose identification is based upon the employment of instrumental variables motivated by the theory of public choice. The estimation results suggest that structural estimates of the deterrent effect of capital punishment are likely to be downward biased due to the influence of simultaneity. Correcting for...
Tipo: Journal Article Palavras-chave: Capital punishment; Deterrence; Executions; Murder; K42; H00.
Ano: 2004 URL: http://purl.umn.edu/43889
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