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Economic geography receives limited consideration in the venture capital literature. This study utilizes thirty years of data concerning companies that initially were backed by venture capital. These firms are located in Entrepreneurial Focal Points in the United States, namely: California,...
Persistent link: https://www.econbiz.de/10004967185
This paper considers the use of outcomes-based tests for detecting racial bias in the context of police searches of motor vehicles. It shows that the test proposed in Knowles, Persico and Todd (2001) can also be applied in a more general environment where police officers are heterogenous in...
Persistent link: https://www.econbiz.de/10005020648
There is much discussion of the relationships between crime, inequality, and unemployment. We construct a model where … all three are endogenous. We find that introducing crime into otherwise standard models of labor markets has several … equilibria in natural but previously unexplored ways; hence two identical neighborhoods can end up with different levels of crime …
Persistent link: https://www.econbiz.de/10005126677
and youth crime which provides a comprehensive analysis of the dynamic interactions among these choices and exposure to … of a youth’s schooling, work and crime decisions as well as arrest and incarceration outcomes. We allow for observable …
Persistent link: https://www.econbiz.de/10005126695
We extend simple search-theoretic models of crime, unemployment and inequality to incorporate on-the-job search. This … of crime, on-the-job search models are more relevant empirically as well as more interesting in terms of the types of … equilibria they generate. We characterize crime decisions, unemployment, and the equilibrium wage distribution. We use …
Persistent link: https://www.econbiz.de/10005126719
targeting and better detection. We show that better targeting does not necessarily decrease the overall crime rate, although it … will decrease crime in the group that is targeted. Improved detection rates unambiguously decrease crime. Group … for the possibility that criminal passengers disguise themselves as members of low-crime groups. …
Persistent link: https://www.econbiz.de/10005109587
In this paper, we study the relationship among schooling, youth employment and youth crime. The framework, a …’s schooling, work and crime decisions and arrest and incarceration outcomes. We allow for observable initial conditions …
Persistent link: https://www.econbiz.de/10005109609
A monotone game is a multistage game in which no player can lower her action in any period below its previous level. A motivation for the monotone games of this paper is dynamic voluntary contribution to a public project. Each player's utility is a strictly concave function of the public good,...
Persistent link: https://www.econbiz.de/10005061920
This paper studies a class of dynamic voluntary contribution games in a setting with discounting and neoclassical payoffs (differentiable, strictly concave in the public good, and quasilinear in the private good). An achievable profile is the limit point of a subgame perfect equilibrium path --...
Persistent link: https://www.econbiz.de/10005109620
This paper concerns multistage games, with and without discounting, in which each player can increase the level of an action over time so as to increase the other players’ future payoffs. An action profile is achievable if it is the limit point of a subgame perfect equilibrium path. Necessary...
Persistent link: https://www.econbiz.de/10009143741