Draca, Mirko; Koutmeridis, Theodore; Machin, Stephen - 2015
In economic models of crime individuals respond to changes in the potential value of criminal opportunities. We analyse … this issue by estimating crime-price elasticities from detailed data on criminal incidents in London between 2002 and 2012 … burglary incidents. We first consider a panel of consumer goods covering the majority of market goods stolen in the crime …