In this paper we construct four rather broad classes of theoretical models of criminal behavior and analyze the properties of each class. Our focus is on the testable hypotheses which arise from each class

In this paper we estimate the demand structure for refined lead over the time 1948-65. Special attention is focused on modeling the technological and institutional lags which prevent price changes from quickly impacting demand

In this paper we show that plausible preference restrictions are not sufficient for unambiguous household supply results in the criminal choke problem. Therefore policy prescriptions in this area do not follow from theory, but rather require empirical determination of relative magnitudes

In this paper we show that neither Becker nor Brown and Reynolds provide a proper description of the failure state in the criminal choice problem. A more satisfactory specification is provided which yields the Becker and Brown and Reynolds formulations as special cases

In this paper we study the relationship between costs, input prices and activity levels in medium sized American police departments. Our focus is on determining the functional structure of law enforcement production technology in agencies of this size

In this paper the factor supply results of Leland. Sandmo and Block and Heineke are generalized to include the case of a household making a joint savings-labor supply decision when the returns to each factor are uncertain

Economists in business schools who co-teach courses with other business school faculty often struggle with integrating constructs and concepts widely used in other disciplines into basic economic theory. In this note we show how the marketing construct, "customer satisfaction," fits rather...

In this short paper we reformulate and extend Sandmo's (3) well known analysis of “capital risk” to include the effects of savings uncertainty on both the savings decision and the labor-leisure decision