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

Kirchmaier, Tom, Machin, Stephen, Sandi, Matteo and Witt, Robert (2018) Prices, Policing and Policy: The Dynamics of Crime Booms and Busts Journal of the European Economic Association.

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Abstract

In many historical episodes, criminal activity displays booms and busts. One clear example is the case of metal crime in the UK (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.

Item Type: Article
Divisions : Faculty of Arts and Social Sciences > School of Economics
Authors :
NameEmailORCID
Kirchmaier, Tom
Machin, Stephen
Sandi, Matteo
Witt, RobertR.Witt@surrey.ac.uk
Date : 2018
Copyright Disclaimer : © The Author(s) 2018. Published by Oxford University Press on behalf of European Economic Association. All rights reserved. For permissions, please e-mail: journals.permissions@oup.com
Uncontrolled Keywords : Metal crime; Metal prices; Commodity prices
Related URLs :
Depositing User : Clive Harris
Date Deposited : 13 Dec 2018 15:42
Last Modified : 13 Dec 2018 15:43
URI: http://epubs.surrey.ac.uk/id/eprint/850034

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