The effects of capital destruction are endogenized in a neoclassical growth model where the economy can optimally allocate part of its labor force to defend capital from being destroyed. The purpose is to explain the optimal allocation of the labor force between productive and deterrence...

Our goal in this paper is twofold: First, evaluate the impact on crime of the restriction of late-night alcohol sales in Bogotá; and second, quantify the causal effect of problematic alcohol consumption on different crime categories. Using a control group strategy, we explore time-series and...

En este trabajo estudiamos los efectos indirectos del mayor Programa de Transferencias Condicionadas (PTC) en Colombia, Familias en Acción, sobre los niveles de criminalidad en el área urbana de la ciudad de Bogotá. Para realizar este estudio combinamos las siguientes dos fuentes de...

Intro -- Contents -- Series Foreword -- Contributors -- Chapter 1. Introduction -- Chapter 2. Purity, Price, and Production: Are Drug Markets Different? -- 2.1 Introduction -- 2.2 Motivation -- 2.3 Risks and Prices -- 2.4 Some Puzzles -- 2.5 Participant Characteristics, Market Outcomes, and...