Economics at your fingertips  

Crime and moral hazard: Does more policing necessarily induce private negligence?

Brishti Guha () and Ashok S. Guha

Economics Letters, 2012, vol. 115, issue 3, 455-459

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 (search for similar items in EconPapers)
JEL-codes: D8 K4 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6) Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

DOI: 10.1016/j.econlet.2011.12.105

Access Statistics for this article

Economics Letters is currently edited by Economics Letters Editorial Office

More articles in Economics Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

Page updated 2021-12-12
Handle: RePEc:eee:ecolet:v:115:y:2012:i:3:p:455-459