Prices, Policing and Policy: The Dynamics of Crime Booms and Busts

Tom Kirchmaier, Stephen Machin, Matteo Sandi, Robert Witt

Publikation: Bidrag til tidsskriftTidsskriftartikelForskningpeer review

Resumé

In many historical episodes, criminal activity displays booms and busts. One clear example is the case of metal crime in the United Kingdom (and elsewhere) where, in the face of big increases in value driven by world commodity prices, thefts rose very sharply in the 2000s, after which they fell. This paper studies the respective roles of prices, policing and policy in shaping this crime boom and bust. Separate study of each reveals metal crime being driven up via sizeable and significant metal crime–price elasticities and driven down by changes in policing and policy. A regression-based decomposition analysis confirms that all three of the hypothesised factors considered in the paper - prices, policing and policy - were empirically important in the different stages of metal theft's boom and bust.
OriginalsprogEngelsk
TidsskriftJournal of the European Economic Association
Antal sider38
ISSN1542-4766
DOI
StatusUdgivet - 9 maj 2019

Citer dette

@article{d910740dbe6246b79cd707feb19b98e2,
title = "Prices, Policing and Policy: The Dynamics of Crime Booms and Busts",
abstract = "In many historical episodes, criminal activity displays booms and busts. One clear example is the case of metal crime in the United Kingdom (and elsewhere) where, in the face of big increases in value driven by world commodity prices, thefts rose very sharply in the 2000s, after which they fell. This paper studies the respective roles of prices, policing and policy in shaping this crime boom and bust. Separate study of each reveals metal crime being driven up via sizeable and significant metal crime–price elasticities and driven down by changes in policing and policy. A regression-based decomposition analysis confirms that all three of the hypothesised factors considered in the paper - prices, policing and policy - were empirically important in the different stages of metal theft's boom and bust.",
author = "Tom Kirchmaier and Stephen Machin and Matteo Sandi and Robert Witt",
year = "2019",
month = "5",
day = "9",
doi = "10.1093/jeea/jvz014",
language = "English",
journal = "Journal of the European Economic Association",
issn = "1542-4766",
publisher = "Wiley",

}

Prices, Policing and Policy : The Dynamics of Crime Booms and Busts. / Kirchmaier, Tom; Machin, Stephen; Sandi, Matteo; Witt, Robert.

I: Journal of the European Economic Association, 09.05.2019.

Publikation: Bidrag til tidsskriftTidsskriftartikelForskningpeer review

TY - JOUR

T1 - Prices, Policing and Policy

T2 - The Dynamics of Crime Booms and Busts

AU - Kirchmaier, Tom

AU - Machin, Stephen

AU - Sandi, Matteo

AU - Witt, Robert

PY - 2019/5/9

Y1 - 2019/5/9

N2 - In many historical episodes, criminal activity displays booms and busts. One clear example is the case of metal crime in the United Kingdom (and elsewhere) where, in the face of big increases in value driven by world commodity prices, thefts rose very sharply in the 2000s, after which they fell. This paper studies the respective roles of prices, policing and policy in shaping this crime boom and bust. Separate study of each reveals metal crime being driven up via sizeable and significant metal crime–price elasticities and driven down by changes in policing and policy. A regression-based decomposition analysis confirms that all three of the hypothesised factors considered in the paper - prices, policing and policy - were empirically important in the different stages of metal theft's boom and bust.

AB - In many historical episodes, criminal activity displays booms and busts. One clear example is the case of metal crime in the United Kingdom (and elsewhere) where, in the face of big increases in value driven by world commodity prices, thefts rose very sharply in the 2000s, after which they fell. This paper studies the respective roles of prices, policing and policy in shaping this crime boom and bust. Separate study of each reveals metal crime being driven up via sizeable and significant metal crime–price elasticities and driven down by changes in policing and policy. A regression-based decomposition analysis confirms that all three of the hypothesised factors considered in the paper - prices, policing and policy - were empirically important in the different stages of metal theft's boom and bust.

UR - https://sfx-45cbs.hosted.exlibrisgroup.com/45cbs?url_ver=Z39.88-2004&url_ctx_fmt=info:ofi/fmt:kev:mtx:ctx&ctx_enc=info:ofi/enc:UTF-8&ctx_ver=Z39.88-2004&rfr_id=info:sid/sfxit.com:azlist&sfx.ignore_date_threshold=1&rft.object_id=991042728205404&rft.object_portfolio_id=&svc.holdings=yes&svc.fulltext=yes

U2 - 10.1093/jeea/jvz014

DO - 10.1093/jeea/jvz014

M3 - Journal article

JO - Journal of the European Economic Association

JF - Journal of the European Economic Association

SN - 1542-4766

ER -