We investigate the relationship between crime and property prices in the Santiago (Chile) real estate market. Our study … general crime has a negative effect on property prices, but the size of this effect varies considerably depending on the type … of crime. We also find that apartments respond almost immediately to changes in crime rates while single-family homes …

that use punishment as their main tools of enforcement, I am skeptical about the likelihood of success of mere punishment … Latin American “jaguar” for its successful economy and high respect for the rule of law. I observed that in Chile punishment … most of these scholars do not discard the importance of punishment, they call for more participatory and cooperative …