Moral concepts affect crime supply. This idea is modelled assuming that illegal activities is habit forming. We introduce habits in a intertemporal general equilibrium framework to illegal activities and compare its outcomes with a model without habit formation. The findings are that habit (i)...

The objective of this study is to shed light on the determinants of criminality in Brazil. In order to undertake it we performed an econometric model based in panel data analysis for Brazilian states: Among the major conclusions we have an important result that income inequality plays an...

Using a panel data for Brazilian states in the period 1984-1998, we estimate the determinants of Brazilian crime rate. The estimates was derived by System Generalized Method of Moments propose by Blundell and Bond (1998). In this way, it was possible to avoid econometric problems, that affect...

This paper approaches the question of criminality in the Police Region of the Great São Paulo (PRGSP), under the approach of the economics of crime. It was taken to the analysis the crimes of theft, robbery, and theft and robbery of vehicles, as well as the aggregate of these three modalities...

This paper presents a political economy model where there is mutual feedback between investor protection and stock market development. Better investor protection induces companies to issue more equity and thereby leads to a broader stock market. In turn, equity issuance expands the shareholder...

Bankruptcy is an interesting object of research, being habitually perceived as a shocking and scandalous event, tarnishing management reputation, stigmatizing its owners, and regularly leading to a dishonourable death of the company, leaving outstanding debts in legacy. Its interdisciplinary...

We show that whatever the representation of criminals' preferences under risk, the assumption according to which they are strongly risk averse individuals is not consistent with the available observations establishing that criminals are more sensitive to shifts in the probability of sanction...

I apply the Beveridge-Nelson business cycle decomposition method to the reconstructed time series of murder of the City of Philadelphia (1826-2004). Separating out “permanent” from “cyclical” murder, I hypothesize that the cyclical part coincides with documented waves of organized crime,...

I apply the Beveridge-Nelson business cycle decomposition method to the time series of murder in the state of New York. (1933-2005). Separating out “permanent” from “cyclical” murder, I hypothesize that the cyclical part coincides with documented waves of organized crime, internal...

This paper continues my research program on violence and terrorism started 15 years ago. It presents in the first part through empirical exercises, the suitability of The Beveridge and Nelson decomposition of economic time series for pointing out the occurrence of terrorist attacks. It presents...