Priks, Mikael (contributor); Poutvaara, Panu (contributor) - 2007
betweenpropertycrimeandviolentcrimeatwork.Inthemodel,non-monetary
valuation of gang membership is private knowledge. Thus the leaders face a
trade-off between …
these benefits, which is their private knowledge. In return, members have to commit
violent crime, such as extortion or gang …
ofgangmembershipandtheoutsideoptionisprivateknowledge. Ifwewouldassumethatvaluation
is common knowledge, thenall results would go throughassumingthat the outside optionis …