Berg, Nathan; Kim, Jeong-Yoo - In: Asian Journal of Law and Economics 10 (2019) 3
complementarity arises because the apprehension probability that affects the crime rate depends on the crime rate itself. The natural … consequence is the possible multiplicity of the equilibrium crime rate. The actual crime rate is realized by the self …-fulfilling nature of the crime rate. Our analysis provides an economic rationalization of the broken window theory as the result of …