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 …

Theories of crime in economics focus on the roles of deterrence and incapacitation in reducing criminal activity. In … play a role in crime reduction. This paper extends the Becker-Ehrlich model to a standard labor supply model that includes … an individual chooses to engage in crime. Second, we show that whether the production of criminal activity is a …

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 …