Understanding Ransom Kidnapping and its Duration
28 Pages Posted: 16 Jul 2012
Date Written: July 11, 2012
What factors drive the length of a kidnapping experience? A theoretical model is developed to conduct comparative statics. A unique data set covering all kidnappings for ransom in Sardinia between 1960 and 2010 is analyzed. Factors related to the ability to pay and cost of abduction matter. The effect of policies aimed at deterring the crime have mixed effects on its duration.
Keywords: crime, kidnapping, ransom, Sardinia, survival analysis
JEL Classification: C41, K42
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