We present a model of agents facing the uncertainty of two future forms of government who are able to insure against this uncertainty by hiding funds from taxation. In order to choose whether or not to hide funds from taxation, agents need to know policy choices that each government would make...

This paper demonstrates that increasing the expected sanction for a crime may increase this crime's prevalence, using a principal–agent model with different kinds of crime that is typical of organized crime. The intuition for the finding is that the policy change may increase the principal's...

Over recent years, a number of regulators have launched proposals to expand the obligation to disclose major share ownership in listed companies. This article shows that these are not stand-alone developments. Using a unique dataset comprising data from 25 countries over 11 years (1995-2005) and...

This paper analyzes the relationship between having one or more father figures and the likelihood that young people engage in delinquent criminal behavior. We pay particular attention to distinguishing the roles of residential and non-residential, biological fathers as well as stepfathers. Using...

El objetivo de este trabajo consiste en la evaluación del programa antidelincuencia denominado Comuna Segura implementado a partir del año 2001 en doce comunas del país. En particular, se analiza el impacto que el programa ha tenido sobre la tasa de denuncia comunal respecto a seis...

En este trabajo se desarrolla y estima un modelo de ecuaciones simultáneas que explica la criminalidad en Chile a nivel regional en el periodo 1988 – 2000 para varias categorías de delitos. El modelo innova en abordar diversos problemas de endogeneidad presentes en la determinación del...

This paper deals with the effect of gun laws on crime. Several empirical analyses are carried to investigate the relationship between five different crime rates and alternative law variables. The tests are based on cross-section data from US sates. Three different law variables are used in the...

Provided that the literature on the deterrent effect of capital punishment is overall inconclusive, the fact that individual authors persistently claim to have found solid evidence in one or the other direction raises two questions. Firstly, what are the causes for these different results? Do...

We use Swedish adoption data combined with police register data to study parent–son associations in crime. For adopted sons born in Sweden, we have access to the criminal records of both the adopting and biological parents. This allows us to assess the relative importance of pre-birth factors...

This study estimates a household's willingness to pay to avoid the stigma of crime while minimizing concerns of omitted variable bias. By assuming methamphetamine producers locate approximately at random within a narrowly defined neighborhood, this study is able to use hedonic estimation methods...