Ciekawostka: Half of all bank robberies take place on a Friday

Evidence: 65 • authority: 88

The Race Between Deterrence and Displacement: Theory and Evidence from Bank Robberies. Security measures intended to deter crime may unwittingly displace it to neighboring areas, but evidence of displacement is scarce. We exploit precise information on the timing and locations of all bank robberies and security guard hirings and firings in Italy over a 10-year period to estimate the deterrence and displacement effects of guards. We find that hiring a security guard lowers the likelihood that a bank is robbed by 35-40 percent, though over half of this reduction is immediately displaced to nearby banks that are unguarded. A simple theoretical model of displacement reveals ambiguity in policie…

Evidence: 65 • authority: 88

The Race Between Deterrence and Displacement: Theory and Evidence from Bank Robberies. Abstract Security measures that deter crime may unwittingly displace it to neighboring areas, but evidence of displacement is scarce. We exploit precise information on the timing and locations of all Italian bank robberies and security guard hirings over a decade to estimate deterrence and displacement effects of guards. A guard lowers the likelihood a bank is robbed by 35% to 40%. Over half of this reduction is displaced to nearby unguarded banks. Theory suggests optimal policy to mitigate this spillover is ambiguous. Our findings indicate restricting guards in sparse, rural markets and requiring guards…

Evidence: 53 • authority: 80

Briefing: Nearly half of all British workers take a break for ...

Evidence: 53 • authority: 80

DISTINGUISHED LECTURE, PRESENTATION OF KIDDER AND STIRLING AWARDS TO TAKE PLACE FRIDAY

Evidence: 53 • authority: 80

DISTINGUISHED LECTURE, STIRLING AWARD TO TAKE PLACE FRIDAY

Evidence: — • authority: 35