We propose a market-for-offenses model of property crime, which explicitly accounts for protection expenditures among … heterogeneous individuals. The crime equilibrium is modeled as a free-access equilibrium in which the match between criminals and … victims equates the average returns to crime. We borrow from the literature on the economics of conflicts in order to define …

structurally distorted in the institutions and policies of American industrial relations. The fall of the ‘social contract’ is the …

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 …

, widespread crime has the potential to weaken trust between citizens and institutions, undermine government reform efforts, and …Crime has tangible economic costs. It also has less understood and likely sizable intangible costs. In particular … become an obstacle to development. Yet, the impact of crime on trust remains relatively unexplored in the literature. This …

more likely to accept using violence for achieving political goals, consistent with the economic model of crime. We also …