lower their production costs by illegal means. Our framework combines a Salop circle with a crime model la Becker, allowing … industry (i.e., lower entry costs) reduce the crime rate. Furthermore, whether more intense competition due to the increased …

lower their production costs by illegal means. Our framework combines a Salop circle with a crime model à la Becker … industry (i.e., lower entry costs) reduce the crime rate. Furthermore, whether more intense competition due to the increased …

observable and unobservable private precautions against crime. An analysis of welfare implications determines that a setting in …