Showing 1 - 10 of 32
This article contributes to the literature on stock market integration by developing and estimating a capital asset pricing model with segmentation effects in order to assess stock market segmentation and its effects on risk premia at the regional level. We show that the estimated degrees of...
Persistent link: https://www.econbiz.de/10013084011
Anti-money laundering regulations have been centred on the “Know-Your-Customer” rule so far, overlooking the fact that criminal proceedings that need to be laundered are usually represented by cash. This is the first study which tries to provide an answer to the question of how much of cash...
Persistent link: https://www.econbiz.de/10013086037
We provide evidence for a beneficial welfare impact of a crime policy that is targeted at strengthening victim …
Persistent link: https://www.econbiz.de/10013086983
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 …
Persistent link: https://www.econbiz.de/10012773601
double dividend in that it reduces both minor offenses and more severe crime. We develop a model of criminal subcultures in … attractive for some people who would otherwise commit more severe crime. If social status is sufficiently important in criminal … subcultures, zero-tolerance reduces crime across the board …
Persistent link: https://www.econbiz.de/10012779694
We provide evidence about voters' response to crime control policies. We exploit a natural experiment arising from the … were more likely to report crime news involving pardoned individuals; ii) voters held worse beliefs on the incumbent … governments ability to control crime and iii) with respect to the previous elections, the incumbent national government …
Persistent link: https://www.econbiz.de/10012951775
adult crime: outcomes that carry significant negative externalities. This paper uses particularly rich datasets from Denmark …
Persistent link: https://www.econbiz.de/10012961952
particular, our estimates suggest that - in an average municipality – an additional crime by pardoned individuals led to a drop … also provide evidence of newspapers being more likely to report crime news involving pardoned individuals and of voters … holding worse beliefs on the incumbent national government's ability to control crime. Our findings indicate that voters keep …
Persistent link: https://www.econbiz.de/10012899931
can be tricky, this paper uses the crime strategic model (inspection game) proposed by Tsebelis. This model shows that any … frequency of violation at equilibrium. This result is misleading: payoffs are not independent and the crime game can not be … crime of tax evasion, where the dishonest taxpayers are rational agents, motivated by the comparison of payoffs, considering …
Persistent link: https://www.econbiz.de/10012979544
We explore the individual and joint explanatory power of concepts from economics, psychology, and criminology for criminal behavior. More precisely, we consider risk and time preferences, personality traits from psychology (Big Five and locus of control), and a self-control scale from...
Persistent link: https://www.econbiz.de/10013058487