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A note on the value of crime control: Evidence from the property market |
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| Authors: | Richard Thaler |
| Institution: | Graduate School of Management, University of Rochester, Rochester, New York 14627 USA |
| Abstract: | This note provides evidence on the amount people are willing to pay for crime control. The theory of hedonic price indexes is used to derive estimates from property values. The results are consistent with both theory and intuition. |
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