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environment. Using geocoded crime data and a novel source of within-city spatial and temporal variation in punishment severity, I … consistent with police treating enforcement effort and punishment severity as complementary. I also find that citywide crime and …
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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...
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