Using electoral cycles in police hiring to estimate the effect of police on crime
Article Abstract:
An increase in the size of police forces during gubernatorial and mayoral election periods is found to significantly lessen violent crimes. It, however, has less effect on crimes against property. It cannot be rejected that the marginal social benefit of reduced crime rates is equivalent to the costs of employing more police forces. A rise in the number of police forces is found to be disproportionately concentrated during the election years for mayors and governors, which are utilized as an instrumental variable in determining the police's casual effect on the rate of crime.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 1997
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White-collar crime writ small: a case study of bagels, donuts, and the honor system
Article Abstract:
A study on white color crime, using honor system to pay for the consumed bagels and donuts by the employees, is presented.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2006
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