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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 …
Persistent link: https://www.econbiz.de/10012821860
of apprehension and the penalty if caught. While evidence indicates that rational theory is applicable to acquisitive …
Persistent link: https://www.econbiz.de/10003876969
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I review recent developments in the economic analysis of crime, focusing in particular on organized crime and … due to endogenous reporting of crime and the fact that randomized controlled trials are rarely an option when studying … crime. I then discuss recent advancements made possible by the combination of detailed micro-data and quasi …
Persistent link: https://www.econbiz.de/10012224334
We estimate a structural model of borrowing and lending in the illegal money lending market using a unique panel survey of 1,090 borrowers taking out 11,032 loans from loan sharks. We use the model to evaluate the welfare effects of alternative law enforcement strategies. We find that a large...
Persistent link: https://www.econbiz.de/10013262951
offenders. The overlap between offenders and victims is not well understood in criminology, and in the economics of crime the …
Persistent link: https://www.econbiz.de/10010201262
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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...
Persistent link: https://www.econbiz.de/10011664459