Title

Crime and Moral Hazard: Does More Policing Necessarily Induce Private Negligence?

Publication Type

Journal Article

Publication Date

6-2012

Abstract

Even risk-neutral individuals can insure themselves against crimes by combining direct expenditure on security with costly diversification. In such cases — and even when one of these options is infeasible — greater policing often actually encourages private precautions.

Keywords

Crime, Policing, Private precautions, Moral hazard, Diversification

Discipline

Economics

Publication

Economics Letters

Volume

115

Issue

3

First Page

455-459

ISSN

0165-1765

Identifier

10.1016/j.econlet.2011.12.105

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