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Valuing the costs of violent crime: a stated preference approach

Author

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  • Giles Atkinson
  • Andrew Healey
  • Susana Mourato

Abstract

We seek to bridge some of the existing gaps in knowledge on the costs associated with the intangible impacts of crime. In doing so, we present results from the first stated preference study of crime risks in the United Kingdom as well as the first such study, more generally, to present respondents with realistic descriptions of the physical and mental health impacts of violent crime of varying severity. Our findings suggest that the costs of three officially classified (statistical) crimes are £5,300 for common assault (no injury), £31,000 for other (moderate) wounding, and £36,000 for serious wounding. Such monetary values are important in the economic appraisal of policies that seek to reduce the incidence of violent crime. Nevertheless, valuing the intangible costs of crime is a challenging task and we outline a number of problem areas that we have encountered in eliciting the economic value of reducing crime risks. Copyright 2005, Oxford University Press.

Suggested Citation

  • Giles Atkinson & Andrew Healey & Susana Mourato, 2005. "Valuing the costs of violent crime: a stated preference approach," Oxford Economic Papers, Oxford University Press, vol. 57(4), pages 559-585, October.
  • Handle: RePEc:oup:oxecpp:v:57:y:2005:i:4:p:559-585
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    File URL: http://hdl.handle.net/10.1093/oep/gpi036
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    Cited by:

    1. Christian Dustmann & Francesco Fasani, 2016. "The Effect of Local Area Crime on Mental Health," Economic Journal, Royal Economic Society, vol. 126(593), pages 978-1017, June.
    2. Daniel Cerqueira & Rodrigo R. Soares, 2016. "The Welfare Cost of Homicides in Brazil: Accounting for Heterogeneity in the Willingness to Pay for Mortality Reductions," Health Economics, John Wiley & Sons, Ltd., vol. 25(3), pages 259-276, March.
    3. Bigerna, Simona & Polinori, Paolo, 2014. "Italian households׳ willingness to pay for green electricity," Renewable and Sustainable Energy Reviews, Elsevier, vol. 34(C), pages 110-121.
    4. Martina Menon & Federico Perali & Marcella Veronesi, 2013. "Preferences for Social Inclusion: Empirical Evidence from Juvenile Rehabilitation in Italy," Working Papers 18/2013, University of Verona, Department of Economics.
    5. Francesconi, Marco & James, Jonathan, 2015. "The Cost of Binge Drinking," CEPR Discussion Papers 10412, C.E.P.R. Discussion Papers.
    6. Henry-Osorio, Miguel & Mittelhammer, Ronald C., 2012. "An Information-Theoretic Approach to Modeling Binary Choices: Estimating Willingness to Pay for Recreation Site Attributes," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 123432, Agricultural and Applied Economics Association.
    7. Adriana Villamarín García, 2011. "Prevenir y calcular: una estimación de los costos de la violencia homicida en Colombia," VNIVERSITAS ECONÓMICA 008873, UNIVERSIDAD JAVERIANA - BOGOTÁ.
    8. Allen K. Lynch, 2010. "The Economic Costs of Criminal Activity: A Discussion of Methodological Approaches and Empirical Estimates," Chapters,in: Handbook on the Economics of Crime, chapter 11 Edward Elgar Publishing.
    9. Alejandro Gaviria & Carlos Medina & Leonardo Morales & Jairo Núñez, 2010. "The Cost of Avoiding Crime: The Case of Bogotá," NBER Chapters,in: The Economics of Crime: Lessons for and from Latin America, pages 101-132 National Bureau of Economic Research, Inc.
    10. repec:wsi:serxxx:v:58:y:2013:i:04:n:s0217590813500276 is not listed on IDEAS
    11. Braakmann, Nils, 2012. "The link between non-property crime and house prices – Evidence from UK street-level data," MPRA Paper 44884, University Library of Munich, Germany.
    12. repec:spr:jhappi:v:19:y:2018:i:1:d:10.1007_s10902-016-9814-1 is not listed on IDEAS
    13. Brenig, Mattheus & Proeger, Till, 2016. "Putting a price tag on security: Subjective well-being and willingness-to-pay for crime reduction in Europe," Center for European, Governance and Economic Development Research Discussion Papers 278, University of Goettingen, Department of Economics.
    14. Wickramasekera, Nyantara & Wright, Judy & Elsey, Helen & Murray, Jenni & Tubeuf, Sandy, 2015. "Cost of crime: A systematic review," Journal of Criminal Justice, Elsevier, vol. 43(3), pages 218-228.
      • Nyantara Wickramasekera & Sandy Tubeuf & Judy Wright & Helen Elsey & Jenni Murray, 2014. "Cost of crime: a systematic review," Working Papers 1411, Academic Unit of Health Economics, Leeds Institute of Health Sciences, University of Leeds.
    15. Tânia Dias & Pedro Sousa, 2012. "Explicit Social Costs Of Crime In A Time Of Crisis - Costs Of Law Enforcement In The Drivers’ Crimes," Book Chapters, Institute of Economic Sciences.
    16. Bigerna, Simona & Polinori, Paolo, 2011. "Italian consumers’ willingness to pay for renewable energy sources," MPRA Paper 34408, University Library of Munich, Germany.
    17. Alejandro Gaviria & Carlos Medina & Leonardo Morales & Jairo Nuñez, 2008. "The Cost of Avoiding Crime: The Case of Bogotá," Borradores de Economia 508, Banco de la Republica de Colombia.
    18. Adriana Villamarin Garcia, 2011. "Prevenir y calcular una estimacion de los costos de la violencia homicida en Colombia," DOCUMENTOS DE CERAC 009108, CERAC -CENTRO DE RECURSOS PARA EL ANÁLISIS DE CONFLICTOS-.

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