This paper analyzes a contest in which defenders move first, have private information about the value of the objects … the asymmetry between defender and aggressor regarding the valuation of the objects at stake in the contest. Our setting … observable and unobservable private precautions against crime. An analysis of welfare implications determines that a setting in …

This paper analyzes a contest in which defenders move first, have private information about the value of the objects … the asymmetry between defender and aggressor regarding the valuation of the objects at stake in the contest. Our setting … observable and unobservable private precautions against crime. An analysis of welfare implications determines that a setting in …

We revisit the question of the efficiency of individual decisions to be protected against crime for the cases of both …. A decrease in the global crime payoff is detrimental to a victim if protection is observable, while it is beneficial …

This paper analyzes private precautions against crime when the value of the property to be protected is private … information. Within a framework in which potential criminals can choose between various crime opportunities, we establish that …

We present a model which ties together rational drug consumption, taxation, crime and other drug-related externalities … prohibited, legalized or decriminalized. In all regimes illicit production of a drug may take place and drug-related crime occurs … this can be associated with greater drug-related crime and more drug addiction. The model is discussed in the context of US …