In a high-crime environment with many high-income citizens, private security companies which offer protection against … crime can flourish. In this article crime is modelled as a game where richer victims yield a higher return on crime, but … with decreasing returns to crime as more criminals choose crime to supplement their income. Private security providers …

lower their production costs by illegal means. Our framework combines a Salop circle with a crime model à la Becker … industry (i.e., lower entry costs) reduce the crime rate. Furthermore, whether more intense competition due to the increased …

lower their production costs by illegal means. Our framework combines a Salop circle with a crime model la Becker, allowing … industry (i.e., lower entry costs) reduce the crime rate. Furthermore, whether more intense competition due to the increased …