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variation in metal prices represents a quasi-experimental variation in gains from crime. It is because (i) people steal copper …-sale price causes metal thefts to increase (decrease) by one to 1.5 percent. We show that the relationship between prices and … the theory, studying how thieves react to changes in monetary gains from crime.Methods: Using a unique crime-level dataset …
Persistent link: https://www.econbiz.de/10012935200
market. We argue, that shocks in metal prices represent a quasi-experimental variation in gains from crime. This allows us to …This paper estimates the elasticity of the supply of offenses with respect to the gains from crime. People steal copper … that the long-run elasticity of supply of metal thefts with respect to the re-sale value of stolen metal is between unity …
Persistent link: https://www.econbiz.de/10013043376
Persistent link: https://www.econbiz.de/10011580218
empirical evidence that fuel theft reacts to different fuel prices. In a second step, we find empirical evidence that this price …
Persistent link: https://www.econbiz.de/10014130493
shows sizeable and significant metal crime-price elasticities, in line with the idea that changing economic returns do shape … the case of metal crime, where in the face of big increases in value driven by world commodity prices, the incidence of … crime. However, the rapid upward and downward trends are not only due to price changes. Their temporal evolution is also …
Persistent link: https://www.econbiz.de/10011853434
this issue by estimating crime-price elasticities from detailed data on criminal incidents in London between 2002 and 2012 …In economic models of crime individuals respond to changes in the potential value of criminal opportunities. We analyse … burglary incidents. We first consider a panel of consumer goods covering the majority of market goods stolen in the crime …
Persistent link: https://www.econbiz.de/10011283155
We provide new evidence on the effect of deterrence on crime using the experience of a transition country (the Czech … of deterrence and sharp increases in crime rates. We test whether deterrence, rather than other factors, was responsible … for the post-1989 growth in crime on a panel dataset of Czech regions. The results show significant deterrence effects for …
Persistent link: https://www.econbiz.de/10014060642
I review recent developments in the economic analysis of crime, focusing in particular on organized crime and … due to endogenous reporting of crime and the fact that randomized controlled trials are rarely an option when studying … crime. I then discuss recent advancements made possible by the combination of detailed micro-data and quasi …
Persistent link: https://www.econbiz.de/10012224334
reduce crime. However, the empirical evidence on the relationship between economic shocks and criminal behavior is at best … economic shocks on crime, this chapter proposes a simple conceptual framework to understand this nuanced relationship. We posit … puzzles as well as areas where additional research on the relationship between economic shocks and crime would be welcome. …
Persistent link: https://www.econbiz.de/10012800583
Crime is a major impediment to economic growth and development in Nigeria despite measures taken to reduce it. There is …, however, currently no major statistical analysis of how crime affects economic growth in that country. This study examines the … link between crime and growth based on the theory of rational choice and empirical data. Exogenous and endogenous growth …
Persistent link: https://www.econbiz.de/10012026427