Cohen, Mark A.; Rust, Roland T.; Steen, Sara; Tidd, Simon T. - 2012
This paper reports on a new methodology to estimate the "cost of crime." We adapt the contingent valuation method used … estimates are between two and ten times higher than prior estimates of the cost of crime to victims and are thought to more … fully represent the true cost of crime to society. By focusing exclusively on costs to victims of crime and the criminal …