Imrohoroglu, Ayse; Merlo, Antonio; Rupert, Peter - 2004
In this article we analyze recent trends in aggregate property crime rates in the United States. We propose a dynamic … equilibrium model that guides our quantitative investigation of the major determinants of observed patterns of crime. Our main … findings can be summarized as follows: First, the model is capable of reproducing the drop in crime between 1980 and 1996 …
