Crime and moral hazard: Does more policing necessarily induce private negligence?

被引:5
|
作者
Guha, Brishti [1 ]
Guha, Ashok S. [2 ]
机构
[1] Singapore Management Univ, Dept Econ, Singapore 178903, Singapore
[2] Jawaharlal Nehru Univ, Sch Int Studies, New Delhi 110067, India
关键词
Crime; Policing; Private precautions; Moral hazard; Diversification; OPTIMAL LAW-ENFORCEMENT; ORGANIZED-CRIME; DETERRENCE; INCENTIVES; ECONOMICS; VICTIM; SIZE;
D O I
10.1016/j.econlet.2011.12.105
中图分类号
F [经济];
学科分类号
02 ;
摘要
Even risk-neutral individuals can insure themselves against crimes by combining direct expenditure on security with costly diversification. In such cases and even when one of these options is infeasible - greater policing often actually encourages private precautions. (C) 2011 Elsevier B.V. All rights reserved.
引用
收藏
页码:455 / 459
页数:5
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