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Determinants Of Students' Willingness To Pay For Violent Crime Reduction

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  • AURORA A. C. TEIXEIRA

    (CEF.UP, Faculdade Economia do Porto, Universidade do Porto, INESC Porto Rua Dr Roberto Frias, 4200-464 Porto, Portugal)

  • MAFALDA SOEIRO

    (Faculdade Engenharia do Porto, Universidade do Porto, Rua Dr Roberto Frias, 4200-400 Porto, Portugal)

Abstract

We apply the contingent valuation method to estimate how much a specific group of society, which is relatively prone to falling victim to crime, is willing to pay to reduce the likelihood of being the victim of violent crime. Based on responses from 1122 students, we found that younger and female students revealed that they are more inclined to pay so as to avoid violent crime. Students' field of study, cautious behavior and a strong opinion about policies and payment vehicles with potential to reduce the risk of crime are key determinants of the willingness to pay.

Suggested Citation

  • Aurora A. C. Teixeira & Mafalda Soeiro, 2013. "Determinants Of Students' Willingness To Pay For Violent Crime Reduction," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 58(04), pages 1-34.
  • Handle: RePEc:wsi:serxxx:v:58:y:2013:i:04:n:s0217590813500276
    DOI: 10.1142/S0217590813500276
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    References listed on IDEAS

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    1. Nick Hanley & Clive L. Spash, 1993. "Cost–Benefit Analysis and the Environment," Books, Edward Elgar Publishing, number 205.
    2. 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.
    3. Ian J. Bateman & Richard T. Carson & Brett Day & Michael Hanemann & Nick Hanley & Tannis Hett & Michael Jones-Lee & Graham Loomes, 2002. "Economic Valuation with Stated Preference Techniques," Books, Edward Elgar Publishing, number 2639.
    4. Brand, Sam & Price, Richard, 2000. "The economic and social costs of crime," MPRA Paper 74968, University Library of Munich, Germany.
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    Cited by:

    1. Mark A. Cohen & David P. Farrington, 2021. "Appropriate Measurement And Use Of “Costs Of Crime” In Policy Analysis: Benefit‐Cost Analysis Of Criminal Justice Policies Has Come Of Age," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 40(1), pages 284-293, January.

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