Crime and Moral Hazard: Does More Policing Necessarily Induce Private Negligence?
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.
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2012
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soe_research/1427 https://ink.library.smu.edu.sg/context/soe_research/article/2426/viewcontent/crime_av.pdf |
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| Institution: | Singapore Management University |
| Language: | English |
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