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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. "