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While few economists analyzed criminal behaviour and the criminal justice process before Gary Becker's seminal 1968 paper, an enormous body of economic research on crime has since been produced. This insightful and comprehensive Handbook reviews and extends much of this important resulting research. The Handbook on the Economics of Crime provides cutting-edge and specially commissioned contributions dealing with theoretical and empirical modeling of criminal choice and behavior, including Isaac Ehrlich's exposition of what he labels the `market, or equilibrium, model of crime'. The public production and allocation of various criminal justice services is also examined, as are significant components of the costs and consequences of crime. Finally, current debates and controversies in the economics of crime literature are considered, with the expert contributors offering suggestions and guidance for future research. With a broad set of crime-related topics examined from an economic perspective, this extensive Handbook will be welcomed by academic researchers and graduate students of the economics of crime and criminology as well as legal scholars focusing on criminal law.
Edited by Bruce L. Benson, DeVoe Moore and Distinguished Research Professor of Economics, Economics Department Chair and Courtesy Professor of Law, Florida State University, US and Paul R. Zimmerman, Economist in Antitrust I, United States Federal Trade Commission, US
Contents:Preface: Background and OverviewBruce L. Benson and Paul R. Zimmerman PART I: THEORETICAL AND EMPIRICAL DEVELOPMENTS: BECKER, EHRLICH AND BEYOND1. The Market Model of Crime: A Short Review and New DirectionsIsaac Ehrlich2. Estimating the Supply of Crime: Recent AdvancesHelen Tauchen3. The Measure of Vice and Sin: A Review of the Uses, Limitations and Implications of Crime DataAlexander Tabarrok, Paul Heaton and Eric Helland4. Dynamic Perspectives on CrimeJustin McCraryPART II: ECONOMIC ANALYSIS OF THE PUBLIC PRODUCTION OF CRIMINAL JUSTICE5. The Historical Development of Public Policing, Prosecution and PunishmentNicholas A. Curott and Edward Peter Stringham 6. Police, Prisons, and Punishment: The Empirical Evidence on Crime DeterrenceJonathan Klick and Alexander Tabarrok7. Prison Population and CrimeThomas B. Marvell 8. The Allocation of PoliceBruce L. Benson 9. The Economic Analysis of CorruptionFred S. McChesney10. Economics of Crime and Drugs: Prohibition and Public Policies for Illicit Drug ControlEdward M. Shepard, and Paul R. BlackelyPART III: CRIME AND THE ECONOMY11. The Economic Costs of Criminal Activity: A Discussion of Methodological Approaches and Empirical EstimatesAllen K. Lynch 12. Crime and Housing PricesKeith Ihlanfeldt and Thomas Mayock 13. Corruption, Crime and Economic GrowthBenjamin Powell, G.P. Manish and Malavika Nair14. Labor Markets and Crime: New Evidence on an Old PuzzleDavid B. Mustard15. Private Policing: Experiences, Evaluation and Future DirectionErwin A. Blackstone and Simon HakimPART IV: CONTROVERSIES AND DEBATES IN THE ECONOMICS-OF-CRIME LITERATURE16. The Economics of Capital Punishment and DeterrencePaul R. Zimmerman17. Firearms and HomicideCarlisle E. Moody18. Abortion and Crime: A ReviewTed Joyce19. Casinos and Crime in the USADouglas M. Walker 20. ConclusionBruce L. Benson and Paul R. ZimmermanIndex
‘’This Handbook is a very stimulating collection of overview essays and new researches on the economics of crime. . . They [the editors] make an excellent selection of the most important issues. . .’