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Handbook on the Economics of Crime

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
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.
Extent: 552 pp
Hardback Price: £176.00 Online: £158.40
Publication Date: 2010
ISBN: 978 1 84720 954 2
Availability: In Stock
Paperback Price: £44.00 Online: £35.20
Publication Date: 2012
ISBN: 978 1 84980 431 8
Availability: In Stock
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  • Economics and Finance
  • Public Choice Theory
  • Public Sector Economics
  • Politics and Public Policy
  • Public Choice
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.
‘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. . .’
– Emma Galli, Journal of Public Finance and Public Choice
Contributors: B.L. Benson, P.R. Blackley, E.A. Blackstone, N.A. Curott, I. Ehrlich, S. Hakim, P. Heaton, E. Helland, K. Ihlanfeldt, T. Joyce, J. Klick, A.K. Lynch, G.P. Manish, T.B. Marvell, T. Mayock, F.S. McChesney, J. McCrary, C.E. Moody, D.B. Mustard, M. Nair, B. Powell, E.M. Shepard, E.P. Stringham, A. Tabarrok, H. Tauchen, D.M. Walker, P.R. Zimmerman
Contents:

Preface: Background and Overview
Bruce L. Benson and Paul R. Zimmerman

PART I: THEORETICAL AND EMPIRICAL DEVELOPMENTS: BECKER, EHRLICH AND BEYOND
1. The Market Model of Crime: A Short Review and New Directions
Isaac Ehrlich

2. Estimating the Supply of Crime: Recent Advances
Helen Tauchen

3. The Measure of Vice and Sin: A Review of the Uses, Limitations and Implications of Crime Data
Alexander Tabarrok, Paul Heaton and Eric Helland

4. Dynamic Perspectives on Crime
Justin McCrary

PART II: ECONOMIC ANALYSIS OF THE PUBLIC PRODUCTION OF CRIMINAL JUSTICE
5. The Historical Development of Public Policing, Prosecution and Punishment
Nicholas A. Curott and Edward Peter Stringham

6. Police, Prisons, and Punishment: The Empirical Evidence on Crime Deterrence
Jonathan Klick and Alexander Tabarrok

7. Prison Population and Crime
Thomas B. Marvell

8. The Allocation of Police
Bruce L. Benson

9. The Economic Analysis of Corruption
Fred S. McChesney

10. Economics of Crime and Drugs: Prohibition and Public Policies for Illicit Drug Control
Edward M. Shepard, and Paul R. Blackely

PART III: CRIME AND THE ECONOMY
11. The Economic Costs of Criminal Activity: A Discussion of Methodological Approaches and Empirical Estimates
Allen K. Lynch

12. Crime and Housing Prices
Keith Ihlanfeldt and Thomas Mayock

13. Corruption, Crime and Economic Growth
Benjamin Powell, G.P. Manish and Malavika Nair

14. Labor Markets and Crime: New Evidence on an Old Puzzle
David B. Mustard

15. Private Policing: Experiences, Evaluation and Future Direction
Erwin A. Blackstone and Simon Hakim

PART IV: CONTROVERSIES AND DEBATES IN THE ECONOMICS-OF-CRIME LITERATURE
16. The Economics of Capital Punishment and Deterrence
Paul R. Zimmerman

17. Firearms and Homicide
Carlisle E. Moody

18. Abortion and Crime: A Review
Ted Joyce

19. Casinos and Crime in the USA
Douglas M. Walker

20. Conclusion
Bruce L. Benson and Paul R. Zimmerman

Index