Empirical evidence reveals that unemployment tends to increase property crime but that it has no effect on violent … crime. To explain these facts, we examine a model of criminal gangs and suggest that there is a substitution effect between … property crime and violent crime at work. In the model, non-monetary valuation of gang membership is private knowledge. Thus …

, arrest increases the probability an offender is charged with a crime. Our findings argue against recent calls for a …

We consider the regulation of national firms in a common market. Regulators can influence the production of national …

We consider the regulation of a monopoly facing consumers that may evade payments, an important issue in public …

This paper investigates whether a “Golden Rule” of regulation of an infectious disease may be elicited that balances …

" technology. The environmental regulation is based on taxes over reported emissions, and on penalties over unreported emissions …. We show that the optimal inspection policy is a cut-off strategy, for several scenarios concerning the observability of … the adoption of the clean technology and the cost of adopting it. We also show that the optimal inspection policy induces …

This paper argues that the Economics of Crime concentrates too much on punishment as a policy to fight crime, which is … unwise for several reasons. There are important instances in which punishment simply cannot reduce crime. Several feasible …