What Happens to Stolen Bicycles?
At Priceonomics, we are fascinated by stolen bicycles. Put simply, why the heck do so many bicycles get stolen? It seems like a crime with very limited financial upside for the thief, and yet bicycle theft is rampant in cities like San Francisco (where we are based). What is the economic incentive for bike thieves that underpins the pervasiveness of bike theft? Is this actually an efficient way for criminals to make money?
You can read more on this at http://blog.priceonomics.com/post/30393216796/what-happens-to-stolen-bicycles