Riccardo Faini CEIS Seminar - Giovanni Mastrobuoni 9 May 2014


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  • Subject: Riccardo Faini CEIS Seminar - Giovanni Mastrobuoni 9 May 2014
  • Date: Tue, 6 May 2014 12:58:46 +0200

CEIS-Tor Vergata is pleased to inform you that, on Friday May 9th, 2014 at 12.00 pm, Giovanni Mastrobuoni (University of Essex) will present a paper on “Optimizing Behavior During Bank Robberies: Theory and Evidence on the Two Minute Rule”

 

ABSTRACT

I use data on individual bank robberies to estimate the distribution of criminals’ disutility of jail. The identification rests on the money versus risk trade-off that criminals face when deciding whether to stay an additional minute while robbing the bank. The observed (optimal) duration of successful robberies identifies the individual compensating variation of jail, called disutility of jail. The distribution of the disutility which is often assumed to be degenerate, resembles instead an earnings distribution, and highlights heterogeneity in the response to deterrence. General deterrence effects are increasing in criminal’s disutility.​

 

The Seminar will be held at the Faculty of Economics, University of Rome "Tor Vergata", B-building, 1° floor, room B                    

 

Please, go to www.ceistorvergata.it for the complete list of seminars and events at CEIS.

 

How to reach us: http://web.uniroma2.it/mobilita/index.html  http://www.economia.uniroma2.it/area.asp?a=867  

 

 

Barbara Piazzi
CEIS-Tor Vergata
FacoltĂ  di Economia
UniversitĂ  di Roma Tor Vergata
via Columbia, 2
00133 Roma
tel +39.06.7259.5652
fax +39.06.2020687



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