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Hide or Show? Observability of Private Precautions Against Crime When Property Value is Private Information
American Law and Economics Review ( IF 0.960 ) Pub Date : 2018-11-29 , DOI: 10.1093/aler/ahy009
Florian Baumann 1 , Philipp Denter 2 , Tim Friehe 3
Affiliation  

This paper analyzes a contest in which defenders move first, have private information about the value of the objects they are trying to protect, and determine the observability of their defense efforts. The equilibrium consistent with the intuitive criterion depends on the distribution of defender types, the magnitude of the difference between defender types, and the asymmetry between defender and aggressor regarding the valuation of the objects at stake in the contest. Our setting captures key characteristics of the interaction between households and thieves, focusing on the classic distinction between observable and unobservable private precautions against crime. An analysis of welfare implications determines that a setting in which information about the value of the protected objects is private results in a better outcome than a complete-information scenario.

中文翻译:

隐藏还是显示?当财产价值是私人信息时,对犯罪的私人预防措施的可观察性

本文分析了一个辩护人首先行动的竞赛,掌握了他们要保护的物体的价值的私人信息,并确定了其防御努力的可观察性。符合直观标准的平衡取决于防御者类型的分布,防御者类型之间差异的大小以及防御者与攻击者之间关于比赛中所涉物品的评估的不对称性。我们的设置抓住了家庭与盗贼之间互动的主要特征,着眼于可观察到的和不可观察到的私人预防犯罪之间的经典区别。
更新日期:2018-11-29
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