Willingness-to-Pay for Crime Control Programs

  title={Willingness-to-Pay for Crime Control Programs},
  author={Mark A. Cohen and R. Rust and S. Steen and Simon T. Tidd},
  journal={Forensic Economics eJournal},
  • Mark A. Cohen, R. Rust, +1 author Simon T. Tidd
  • Published 2001
  • Economics, Business
  • Forensic Economics eJournal
  • This paper reports on a new methodology to estimate the "cost of crime." We adapt the contingent valuation method used in the environmental economics literature to estimate the public's willingness-to-pay for reductions in crime. In a nationally representative sample of 1300 U.S. residents, we found that the typical household would be willing to pay between $100 and $150 per year for crime control programs that reduced specific crimes by 10% in their communities. In the aggregate, these amounts… CONTINUE READING
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