How bad is crime for business? Evidence from consumer behavior
利用犯罪与消费者访问的纵向数据，研究发现消费者对财产和街头犯罪反应更强，且主要影响是否前往场所而非消费时长，对社区经济发展有启示。
Understanding how consumers respond to crime offers evidence of how safety perception impacts individuals daily choices and has important implications for economic development of communities. This paper investigates the impact of local crime on subsequent consumer visits to food and entertainment retails using a novel longitudinal dataset with point-specific crime and consumer visit data. We leverage the richness of our data to account for unobserved heterogeneity and time variant confounders through temporal and geographical variation. Our results show that consumers respond more strongly to property and street crimes. The response concentrates on the venue visit decision rather than the intensity of consumption (i.e. duration) in the venue.