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known about the effects of private police on crime. The current study examines the relationship between a privately …-funded university police force and crime in a large U.S. city. Following an expansion of the jurisdictional boundary of the private … police force, we see no short-term change in crime. However, using a geographic regression discontinuity approach, we find …
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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...
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This is a survey of economic analysis of law, that is, of the emerging field under which the standard tools of microeconomics are employed to identify the effects of legal rules and their social desirability. Five basic subject areas are covered. The first is legal liability for harm. Here we...
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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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environment. Using geocoded crime data and a novel source of within-city spatial and temporal variation in punishment severity, I … consistent with police treating enforcement effort and punishment severity as complementary. I also find that citywide crime and …
Persistent link: https://www.econbiz.de/10012607030