The Changing Returns to Crime: Do Criminals Respond to Prices?

In economic models of crime individuals respond to changes in the potential value of criminal opportunities. We analyse this issue by estimating crime-price elasticities from detailed data on criminal incidents in London between 2002 and 2012. The unique data feature we exploit is a detailed classif...

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Bibliographic details
Volume: 9109
Main Author: Draca, Mirko
Koutmeridis, Theodore
Machin, Stephen
Format: Paper
Language: English
Place of publication: Bonn Institute for the Study of Labor (IZA) 2015
published in: IZA Discussion Papers Vol. 9109
Data of publication: 2015
Subjects:
Online Access: Fulltext
Database: EconStor
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