This paper develops a dynamic life-cycle equilibrium model of crime with hetero-geneous agents and human capital … accumulation. Agents decide at each point in time whether to commit crimes by comparing potential gains from crime to the expected … form estimates or traditional partial equilibrium, static models of crime. Equilibrium effects can be particularly relevant …

incentives to steal and the equilibrium crime rate. When studying the production of durable goods, we find that the presence of … crime affects consumer and producer surplus and thus their behaviour, market equilibrium, and, in turn, the social optimum …. Lower durability of goods reduces the incentive to steal those goods, thus reducing crime. When crime is included in the …

Crime and the durability of goods are strongly connected issues. However, surprisingly, they have been studied … separately. This paper explores the relationship between the production of durable goods and crime from a theoretical perspective … and draws important conclusions for both topics. Crime affects the consumer and producer surplus and thus the behavior of …

Crime and the durability of goods are strongly connected issues. However, surprisingly, they have been studied … separately. This paper explores the relationship between the production of durable goods and crime from a theoretical perspective … and draws important conclusions for both topics. Crime affects the consumer and producer surplus and thus the behavior of …