Citation
Discussion Paper Details
Please find the details for DP10707 in an easy to copy and paste format below:
Full Details | Bibliographic Reference
Full Details
Title: Property crime and private protection allocation within cities: theory and evidence
Author(s): Bruno Decreuse, Steve Mongrain and Tanguy van Ypersele
Publication Date: July 2015
Keyword(s): economics of crime, private protection, search frictions and social multiplier
Programme Area(s): Public Economics
Abstract: We model the allocation of property crime and private protection within cities. We provide a theory where city-specific criminals choose a neighborhood and whether they pay a search cost to compare potential victims, whereas households invest in self-protection. The model features strategic complementarity between criminals' search efforts and households' protection investments. As criminals' return to search increases with neighborhood wealth, households in rich neighborhoods are more likely to enter a rat race to ever greater protection that drives criminals towards poorer areas. The mechanisms of our model are tested with the Canadian General Social Survey. Household protection increases with household and neighborhood incomes, neighborhood protection, and neighborhood victimization.
For full details and related downloads, please visit: https://cepr.org/active/publications/discussion_papers/dp.php?dpno=10707
Bibliographic Reference
Decreuse, B, Mongrain, S and van Ypersele, T. 2015. 'Property crime and private protection allocation within cities: theory and evidence'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=10707