Private protection against crime
Article Abstract:
Private protection against crime is examined. It is shown that, when deciding to protect oneself, individuals have to consider the fact that being protected indicates that they possess something valuable. When the protection is expensive, only persons with high-value properties find it beneficial to protect themselves. If the private-protection expense becomes higher, or if its efficacy erodes, the number of robbery attempts on both protected and non-protected properties will increase. Interestingly, increasing the efficacy of public protection results in a greater number of robbery attempts on protected properties. In the case when individuals decide to be either truly or falsely protected when the mimicking device is free, being protected does not send an informative signal. Nevertheless, if the device is expensive, non-protected owners may exist side by side with truly and falsely protected. In this case, being protected signals information.
Publication Name: Journal of Urban Economics
Subject: Government
ISSN: 0094-1190
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
Private roads
Article Abstract:
A model that describes a condition under which private-sector roads can most effectively compete with the current public-road system is presented. In this competitive scenario, the private sector aims to offer capacity lanes and establish tolls to raise attractive profits. Data used for this study are gathered from the US experience in the early 1990s. Results, which show that entry of the private sector can be successful under different conditions, are encouraging for the private sector. The most promising finding reveals that short trips in urban areas can guarantee profitability. Private participation remains feasible for intercity situations, except in cases where the trips are long and traffic is light. Even where there is reasonable regulation, feasibility is still possible, despite the fact that profit-generating tolls are higher than current rates.
Publication Name: Journal of Urban Economics
Subject: Government
ISSN: 0094-1190
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Mixed markets and crime. White elephants. Commons as insurance and the welfare impact of privatization
- Abstracts: Investigating the effects of directly electing the Prime Minister. Being Israeli
- Abstracts: The interaction of residential segregation and employment discrimination. Estimation and recent behavior of urban population and employment density gradients
- Abstracts: Demand for factors of production in municipal police departments. Property crime distribution and equal police deployment-an empirical study of Taiwan
- Abstracts: Evidence on metropolitan wage differences across industries and over time. A Canadian regional general equilibrium model and some applications