Showing 1 - 10 of 358
hand. The private enforcement of property rights is seen as a substitute for public enforcement that results in a contest … in this contest. We characterize how optimality conditions for the provision of private and public goods change, how an …
Persistent link: https://www.econbiz.de/10010318860
The standard solution to adverse selection is the separating equilibrium introduced by Rothschild and Stiglitz. Usually, the Rothschild-Stiglitz argument is developed in a model that allows for two states of the world only. In this paper adverse selection is dis-cussed for continuous loss...
Persistent link: https://www.econbiz.de/10010315526
We develop a model of Ponzi schemes with asymmetric information to study Ponzi frauds. A long-lived agent offers to save on behalf of short-lived agents at a higher rate than they can earn themselves. The long-lived agent may genuinely have a superior savings technology, but may be an imposter...
Persistent link: https://www.econbiz.de/10015394097
This paper uses newly available data to describe the distribution of crime victimization and other criminal activities … correlation between ideological beliefs and criminal activity, finding that crime victims are more likely to believe that hard …
Persistent link: https://www.econbiz.de/10010278276
adulthood. By combining administrative data on school performance, high school graduation, crime, earnings, and cognitive and …
Persistent link: https://www.econbiz.de/10012039325
and foreign individuals from committing crime in their territory. We assume that crime is mobile, both ex ante (migration …) and ex post (fleeing), and that criminals who hide abroad after having committed a crime in a country must be extradited … sufficiently costly, a large enforcement may induce criminals to flee the country in which they have perpetrated a crime …
Persistent link: https://www.econbiz.de/10012059363
Abstract This study reinvestigates the relationship between unemployment and crime. By being the first study to use …, highlighting a potential gap in the conventional theories of economics of crime. The point-estimate of long-term unemployment for …
Persistent link: https://www.econbiz.de/10013208594
This paper estimates a tertiary eligibility effect on crime for Sweden. The idea is that investment in higher education … is a way of escaping youth inactivity and idleness, and, since youth inactivity is known to trigger crime, the self …-incapacitation effect of higher education decreases crime rates. However, to invest in higher education, the individual has to meet the …
Persistent link: https://www.econbiz.de/10013208682
Most studies examining the impact of migrants on crime rates in hosting populations are in the context of economic … migrants in developed countries. However, we know much less about the crime impact of refugees in low- and middle … limited access to formal employment, and face partial mobility restrictions, we find that total crime per person (including …
Persistent link: https://www.econbiz.de/10012628465
We conducted an experiment with 182 inmates from a maximum-security prison to analyze the impact of criminal identity on dishonest behavior. We randomly primed half of the prisoners to increase the mental saliency of their criminal identity, while treating the others as the control group. The...
Persistent link: https://www.econbiz.de/10010332039