Modeling the U.S. Firearms Market: The Effects of Civilian Stocks, Legislation, and Crime
We estimate the first econometric model of the national civilian firearms market in the United States (1946–2016), where per capita firearms-related harm is exceptionally high. Solving simultaneous equation models instrumented by natural disasters and steel prices, and employing unique firearms pric...
| Autores: | , , |
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| Tipo de recurso: | artículo |
| Estado: | Versión aceptada para publicación |
| Fecha de publicación: | 2023 |
| País: | España |
| Institución: | Universidad de Barcelona |
| Repositorio: | Dipòsit Digital de la UB |
| OAI Identifier: | oai:diposit.ub.edu:2445/217139 |
| Acceso en línea: | https://hdl.handle.net/2445/217139 |
| Access Level: | acceso abierto |
| Palabra clave: | Indústria manufacturera Models economètrics Armes de foc Delinqüència Manufacturing industries Econometric models Firearms Crime |
| Sumario: | We estimate the first econometric model of the national civilian firearms market in the United States (1946–2016), where per capita firearms-related harm is exceptionally high. Solving simultaneous equation models instrumented by natural disasters and steel prices, and employing unique firearms prices and quantities data, we find this market operates normally, except that firearms stocks may generate some new market demand in a positive feedback loop. Save for the Federal Assault Weapons Ban (1994–2004), federal firearms legislation does not influence firearms sales. We find that violent crime, including homicide and mass shootings, boosts domestic sales. |
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