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Anti-Crime Laws and Retail Prices

Author

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  • Hakan Yilmazkuday

    (Department of Economics, Florida International University)

Abstract

The fear of becoming a victim of crime acts like barriers to retail trade for consumers, where retailers attempt to reduce such barriers by enduring additional costs such as insurance or security/surveillance costs; as a result, retail prices are affected by the possibility of crime. This paper attempts to measure such effects by considering the recent experience of the County of Sacramento, where an anti-panhandling ordinance has been issued to protect the retailers. As an application, a difference-in-difference approach is employed to identify the effects of the ordinance on Sacramento gasoline prices at the retail level, by considering the gasoline prices in neighbor counties as the control group of a natural experiment. The results show that the anti-panhandling ordinance has resulted in lower gasoline prices in the County of Sacramento.

Suggested Citation

  • Hakan Yilmazkuday, 2017. "Anti-Crime Laws and Retail Prices," Working Papers 1702, Florida International University, Department of Economics.
    • Handle: RePEc:fiu:wpaper:1702
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    References listed on IDEAS

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    1. James D. Burnell, 1988. "Crime and Racial Composition in Contiguous Communities as Negative Externalities: Prejudiced Household's Evaluation of Crime Rate and Segregation Nearby Reduces Housing Values and Tax Revenues," American Journal of Economics and Sociology, Wiley Blackwell, vol. 47(2), pages 177-193, April.
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    More about this item

    Keywords

    Anti-Crime Laws; Gasoline Retail Prices; Gas-Station Level Analysis; County of Sacramento;
    All these keywords.

    JEL classification:

    • H73 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Interjurisdictional Differentials and Their Effects
    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law

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