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Less Crime May Be Worse

O'Flaherty, Brendan Andrew

The probability of being a crime victim, conditional on engaging in risky activity, acts like a tax on the risky activity. The higher the probability, the greater the loss to potential victims in consumer surplus. Higher conditional probabilities, however, do not always increase actual crime; sometimes the decrease in risky activity more than offsets the increase in conditional probability. Under these circumstances, less crime is associated with greater welfare loss.


More About This Work

Academic Units
Department of Economics, Columbia University
Department of Economics Discussion Papers, 674
Published Here
February 25, 2011


December 1993.

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