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This paper develops a model of the geographic distribution of crime in an urban area. Agents select their occupation …, residence, consumption, and housing. The paper is the first to formally study how the location of crime, the residence of … workers, and housing prices are affected by the spatial allocation of police protection. It examines two opposite strategies …
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This paper develops a model of the geographic distribution of crime in an urban area. When the police protect some … neighborhoods (concentrated protection), the city becomes segregated. When the police are evenly deployed across the city (dispersed …
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We explore long-term patterns of the house price-income relationship across the 70 largest U.S. metropolitan areas. In line with a standard spatial equilibrium model, our empirical findings indicate that house price-income ratios are typically not stable even over the long run. In contrast,...
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