Explain the Economic Rationale
Explain the Economic Rationale for the Supply of Crime, Show the Implications of this Rationale for the Design of Crime Deterrence Policies, and Assess the Empirical Relevance of this Rationale.
The economic rationale for the supply of crime will initially be analysed using Becker’s framework. The implications of his findings will then be used as a means of explaining how crime deterrence policies can be devised. The same procedure will then be undertaken for …
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…and Punishment: An Economic Approach’
Carr-Hill, R. A. and Stern N. H. ‘An Econometric Model of the Supply and Control of
Recorded Crime in England and Wales’
Cooter, R. and Ulen, T. ‘Law and Economics’
Ehrlich, I. ‘Participation in Illegal Activities: a Theoretical and Empirical
Investigation’
Grogger, J. ‘Certainty vs. Severity of Punishment’
Gibbons, T. ‘The Utility of Economic Analysis of Crime’
Polinsky, A.M. and Shavell, S ‘The Optimal Use of Fines and Imprisonment’
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