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Credit and identity theft

Author

Listed:
  • Charles M. Kahn
  • William Roberds

Abstract

The quintessential crime of the information age is identity theft, the malicious use of personal identifying data. In this paper, the authors present a model of identities and their use in credit transactions. The incidence of identity theft represents a tradeoff between a desire to avoid costly and/or invasive monitoring of individuals on the one hand, and the need to control transaction fraud on the other. The results suggest that technological advances will not eliminate this tradeoff.

Suggested Citation

  • Charles M. Kahn & William Roberds, 2005. "Credit and identity theft," Conference Series ; [Proceedings], Federal Reserve Bank of Boston.
    • Handle: RePEc:fip:fedbcp:y:2005:x:2
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    File URL: https://www.bostonfed.org/-/media/documents/events/payment-choice-2005/papers/kahn_roberds.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    Identity theft; Payment systems;

    JEL classification:

    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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