Hotte, Louis; Valognes, Fabrice; Ypersele, Tanguy van - Département d'Économie / Department of Economics, … - 2009
We analyze property crime in an endowment economy composed of a large number of heterogeneous individuals who need to protect themselves, choose whether to participate in crime or not, and decide on how to allocate their predation efforts across victims. The equilibrium posits perfect foresight...