More policing reduces crime but little is known about the mechanism. Does policing deter crime by reducing its attractiveness, or because it leads to additional arrests of recurrent criminals? This paper provides evidence of a direct link between policing and arrests. During shift changes a...

Based on unique data on individual bank robberies perpetrated in Italy between 2005 and 2007, this paper estimates the distribution of criminals' disutility of jail. The identification rests on the money versus risk trade-off criminals face when deciding whether to stay an additional minute...

We use rich microdata on bank robberies to estimate individual-level disutilities of imprisonment. The identification rests on the money versus apprehension trade-off that robbers face inside the bank when deciding whether to leave or collect money for an additional minute. The distribution of...

More policing reduces crime but little is known about the mechanism. Does policing deter crime by reducing its attractiveness, or because it leads to additional arrests of recurrent criminals? This paper provides evidence of a direct link between policing and arrests. During shift changes a...

An influential literature has used the aftermath of terrorist attacks to estimate large effects of police street deployment on crime. However, the elasticities obtained in these settings may not easily extrapolate to more standard circumstances. This paper exploits a natural experiment that...