Guha, Brishti - In: Journal of Economic Behavior & Organization 94 (2013) C, pp. 1-10
these expenses unless the efficacy of joint (public and private) security expenses on combating crime encounters very … increases the tendency to keep cash on hand, and also reduces crime, provided that as private precautions increase, with … are consistent with some empirical trends in crime rates, policing, penalties and private precautions. …