Journal Article
Big house on the prairie: Despite protests by some, small-town leaders have sought out prisons as economic saviors. Both the critics' deepest fears and the boosters' highest hopes are likely to go unfulfilled
Clement, Douglas (2002-01)
Fedgazette , Volume 14 , Issue Jan , Pages 2-6

Journal Article
Policing crime
Campbell, John (1994-04)
Regional Review , Issue Spr , Pages 6-11

Journal Article
Busted? The boom in prison growth is slowing as crime rates decline, budgets tighten and policymakers consider alternatives
Clement, Douglas (2002-01)
Fedgazette , Volume 14 , Issue Jan , Pages 7

Journal Article
Wanted criminals: For two decades, prisons have been a growth strategy for small towns. Does the strategy work? And will it in the future?
Clement, Douglas (2002-01)
Fedgazette , Volume 14 , Issue Jan , Pages 1

Journal Article
Economics and crime in the states
Becsi, Zsolt (1999-01)
Polls identify crime as the number one public worry. Crime also exacts tremendous costs not factored into official measures of well-being, and it is a favorite subject of political campaign promises. However, the public seems largely unaware that crime responds to economic conditions and incentives and that the results of a substantial body of work by economists have important implications for public policy. ; This article introduces the economics and crime literature by describing a simple supply-and-demand crime model in which criminals supply crime, the public demands protection from ...
Economic Review , Volume 84 , Issue Q1 , Pages 38-56

Journal Article
A punishing debate: does the death penalty deter homicide? New economic studies seek the answer to an age-old question
Clement, Douglas (2002-06)
The Region , Volume 16 , Issue Jun , Pages 12-15, 40-43

Working Paper
Clean Money, High Costs?
Stebunovs, Viktors (2025-09-25)
A cornerstone of the law-and-finance literature is that stronger institutions reduce financial intermediation costs. Using global data on cross-border payment costs, I show this relationship can reverse in heavily regulated sectors. Anti-money laundering risks have larger cost effects in advanced economies with strong enforcement than in developing countries with weak enforcement, despite the former having lower underlying risks. This counterintuitive pattern reflects strong institutions operating through two channels: Directly reducing costs through risk mitigation and forcing risk-based ...
International Finance Discussion Papers , Paper 1422