Lessons from the Economics of Crime
Philip J. Cook
Duke University - Sanford School of Public Policy; Duke University - Department of Economics; National Bureau of Economic Research (NBER)
Stephen J. Machin
University College London - Department of Economics; Institute for the Study of Labor (IZA)
Olivier E. Marie
Collegio Carlo Alberto; Center for Research on Pensions and Welfare Policies (CeRP); Netspar
July 29, 2012
'Lessons from the Economics of Crime' in Lessons from the Economics of Crime, edited by P.J. Cook, S.J. Machin, O. Marie, and G. Mastrobuoni, MIT Press, Forthcoming
What have the economists contributed to the study of criminal behavior and crime control? In what follows, to motivate and describe the contributions to this edited volume, we discuss three domains:
• A normative framework for evaluating criminal law and crime prevention, and the application of sophisticated quantitative methods to analyze the causes of crime and the effects of crime-control measures in this framework;
• The conception of criminal behavior as individual choice, influenced by perceived consequences;
• The aggregation of individual choices to a systems framework for understanding crime rates and patterns.
The papers in this volume are informed by and contribute to all of these domains.
Number of Pages in PDF File: 14
Keywords: economics of crime
JEL Classification: K42Accepted Paper Series
Date posted: July 31, 2012
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