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We examine the short- and medium-term effects of announcements of changes in anti-crime policies in the distant future … changes in delinquency. However, announcements of tighter anti-crime policies may even increase delinquent activities, at … least temporarily. In the case of noise shocks, we observe persistent reactions of potential offenders, indicating that a …
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Criminal law enforcement depends on the actions of public agents such as police officers, but the resulting agency problems have been neglected in the law and economics literature (especially outside the specific context of corruption). We develop an agency model of police behavior that...
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