MacLeod, William Bentley; Rivera, Roman - National Bureau of Economic Research - 2024
Theories of crime in economics focus on the roles of deterrence and incapacitation in reducing criminal activity. In … play a role in crime reduction. This paper extends the Becker-Ehrlich model to a standard labor supply model that includes … an individual chooses to engage in crime. Second, we show that whether the production of criminal activity is a …