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...
| Authors: | , , |
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| Format: | article |
| Status: | Versión aceptada para publicación |
| Publication Date: | 2023 |
| Country: | España |
| Institution: | Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya) |
| Repository: | Recercat. Dipósit de la Recerca de Catalunya |
| OAI Identifier: | oai:recercat.cat:2445/217139 |
| Online Access: | https://hdl.handle.net/2445/217139 |
| Access Level: | Open access |
| Keyword: | Indústria manufacturera Models economètrics Armes de foc Delinqüència Manufacturing industries Econometric models Firearms Crime |
| Summary: | 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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