Comment by justx1
13 years ago
Stolen bicycles are another example of a drug currency: http://blog.priceonomics.com/post/30393216796/what-happens-t...
Interesting read about the "Economic Theory of Bike Crime": "...Using this risk-return framework for crime, it begins to be clear why there is so much bike theft. For all practical purposes, stealing a bike is risk-free crime. It turns out there is a near zero chance you will be caught stealing a bike (see here) and if you are, the consequences are minimal. "
No comments yet
Contribute on Hacker News ↗