Privately Produced General Deterrence*

@article{Benson2001PrivatelyPG,
  title={Privately Produced General Deterrence*},
  author={B. Benson and B. D. Mast},
  journal={The Journal of Law and Economics},
  year={2001},
  volume={44},
  pages={725 - 746}
}
In this study, we use county data on private security establishments and employment for 1977–92 to test two hypotheses. First, we test whether private security deters crime. Second, we test whether John Lott and David Mustard’s estimates of the impact of shall‐issue laws on crime are biased because of a lack of controls for private security. We find little evidence that private security reduces the crime rates for assault or larceny. Some estimates suggest murder, robbery, and/or auto theft may… Expand
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