References (27)


Citations (8)



Credit and Identity Theft

Charles M. Kahn

University of Illinois, Urbana-Champaign; Feseral Reserve Bank of Saint Louis; Bank of Canada

William Roberds

Federal Reserve Bank of Atlanta

August 2005

FRB of Atlanta Working Paper No. 2005-19

The quintessential crime of the information age is identity theft, the malicious use of personal identifying data. In this paper we model identity and its use in credit transactions. Various types of identity theft occur in equilibrium, including new account fraud, existing account fraud, and friendly fraud. The equilibrium incidence of identity theft represents a tradeoff between a desire to avoid costly or invasive monitoring of individuals on the one hand and the need to control transactions fraud on the other. Our results suggest that technological advances will not eliminate this tradeoff.

Number of Pages in PDF File: 34

Keywords: identity theft, fraud, money, search

JEL Classification: D83, E42, G28

Open PDF in Browser Download This Paper

Date posted: October 13, 2005  

Suggested Citation

Kahn, Charles M. and Roberds, William, Credit and Identity Theft (August 2005). FRB of Atlanta Working Paper No. 2005-19. Available at SSRN: https://ssrn.com/abstract=814026 or http://dx.doi.org/10.2139/ssrn.814026

Contact Information

Charles M. Kahn
University of Illinois, Urbana-Champaign ( email )
Department of Finance
340 Wohlers Hall
Champaign, IL 61820
United States
HOME PAGE: http://kahnfrance.com/cmk/
Feseral Reserve Bank of Saint Louis
411 Locust St
Saint Louis, MO 63011
United States
Bank of Canada
234 Wellington Street
Ontario, Ottawa K1A 0G9
William Roberds (Contact Author)
Federal Reserve Bank of Atlanta ( email )
1000 Peachtree Street N.E.
Atlanta, GA 30309-4470
United States
404-498-8970 (Phone)
404-498-8956 (Fax)
Feedback to SSRN

Paper statistics
Abstract Views: 1,316
Downloads: 292
Download Rank: 81,022
References:  27
Citations:  8
People who downloaded this paper also downloaded:
1. Identity Theft: Making the Known Unknowns Known
By Chris Hoofnagle