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Reopening the Constitutional Road to Reform: Toward a Safeguarded Article V Convention
In: Tennessee Law Review, Band 78, Heft 3, S. 765
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Ugly is Only Skin Deep: An Analysis of the DE Program in Auction 97
In: Phoenix Center Perspectives No. 15-04
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Skin in the Game: Interference, Sunk Investment, and the Repurposing of Radio Spectrum
In: Phoenix Center Policy Bulletin No. 40
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Working paper
Safe Harbors and the Evolution of Music Retailing
In: Phoenix Center Policy Bulletin No. 41
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Private Solutions to Broadband Adoption: An Economic Analysis
In: Phoenix Center Policy Bulletin No. 38
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Price Discrimination and Secondary-Line Competitive Injury: The Law versus the Economics
In: The Antitrust bulletin: the journal of American and foreign antitrust and trade regulation, Band 53, Heft 1, S. 75-93
ISSN: 1930-7969
THE IMPACT OF INFLATION ON PROPERTY CRIME
In: Contemporary economic policy: a journal of Western Economic Association International, Band 34, Heft 3, S. 483-499
ISSN: 1465-7287
Using U.S. data from 1950 to 2010, we analyze to what extent inflation raises the incidence of property crime. To match our theoretical predictions, we consider different types of property crime (larceny, burglary, motor vehicle theft, and robbery) and broad and narrow definitions of inflation separately. We control for the state of the business cycle and demographic changes over time explicitly. Unobserved or difficult‐to‐measure determinants of property crime are captured through a stochastic‐trend specification within a state‐space framework. We find a robust statistical link between inflation and each of the four property crime rates. Our findings are robust to alternative definitions of inflation and the inclusion or exclusion of different control variables. In terms of policy, our findings suggest that monetary policy that creates inflation has costly spillover effects. (JEL J10, J11)
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An Economic Framework for Retransmission Consent
In: Phoenix Center Policy Paper No. 47
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Market Mechanisms and the Efficient Use and Management of Scarce Spectrum Resources
In: Phoenix Center Policy Paper No. 46
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Working paper