Since Becker’s seminal work (1968), economists have investigated the determinants of crime using of a cost-benefit analysis. But, while extensive research has focused on incentives related to sanctions, deterrence and legal labor market opportunities, the effects of Black Markets (i.e. markets in which goods and services are illegally traded) on crime have been generally overlooked. Two main obstacles have hindered such an analysis. First, black markets are by definition clandestine. Hence, these are very hard to measure. Secondly, these markets are not randomly assigned to geographic locations, but rather endogenously located, following existing economic trends or cross-sectional area characteristics. This PhD thesis aims to partially fill this gap. I investigate the effects on criminal activity of 1) markets for stolen goods and 2) markets for illegal drugs.
| Identifer | oai:union.ndltd.org:bl.uk/oai:ethos.bl.uk:690478 |
| Date | January 2015 |
| Creators | D'Este, Rocco |
| Publisher | University of Warwick |
| Source Sets | Ethos UK |
| Detected Language | English |
| Type | Electronic Thesis or Dissertation |
| Source | http://wrap.warwick.ac.uk/80052/ |
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