skip navigation

PUBLICATIONS

Register for Latest Research

Stay Informed
Register with NCJRS to receive NCJRS's biweekly e-newsletter JUSTINFO and additional periodic emails from NCJRS and the NCJRS federal sponsors that highlight the latest research published or sponsored by the Office of Justice Programs.

NCJRS Abstract

The document referenced below is part of the NCJRS Virtual Library collection. To conduct further searches of the collection, visit the Virtual Library. See the Obtain Documents page for direction on how to access resources online, via mail, through interlibrary loans, or in a local library.

 

NCJ Number: 69631 Add to Shopping cart Find in a Library
Title: Crimes for Profit - The Economics of Theft
Author(s): M O Reynolds
Date Published: 1971
Page Count: 198
Sponsoring Agency: US Dept of Health, Education, and Welfare
Rockville, MD 20857
US Dept of Justice
Washington, DC 20531
Grant Number: NI-69-169
Type: Thesis/Dissertation
Format: Document
Language: English
Country: United States of America
Annotation: An economic approach to property crime is presented in this dissertation.
Abstract: It reviews the economic literature on crime which appeared before 1971, and describes two economic models of burglary and theft, the Master Criminal Model and the Competitive Crime Model. These nodels help explain the temporal and spatial variation in the number of thefts and burglaries as well as the payoff to crime. Based on an econometric model of crime, linear regression estimates are developed, and a total property crime variable is formed by summing the reported robberies, burglaries, and larcenies for each State. Also addressed are an adjustment for systematic underreporting of crime, elasticity estimates, the inclusion of private defense in the crime model, and errors in variables. Finally, a summary of results, implications for policy, and directions for future research are presented. Overall, the study concludes that punishment has a consistently negative, although minor affect on crime. From a policy viewpoint, cost calculations support increasing sentences rather than raising the probability of conviction to achieve marginal reductions in the level of crime. The study is intended for readers with an advanced knowledge of economics. Tables, footnotes, and over 60 references are included. Risk analysis, means and standard deviations, and the correlation matrix are appended.
Index Term(s): Corrections effectiveness; Cost/Benefit Analysis; Crime analysis; Crime costs; Economic analysis; Economic influences; Models; Property crime statistics; Property crimes
Note: *This document is currently unavailable from NCJRS. University of Wisconsin - doctoral thesis
To cite this abstract, use the following link:
http://www.ncjrs.gov/App/publications/abstract.aspx?ID=69631

*A link to the full-text document is provided whenever possible. For documents not available online, a link to the publisher's website is provided. Tell us how you use the NCJRS Library and Abstracts Database - send us your feedback.