Marginal Deterrence is one of the most important messages from the economics of crime. Explain the role of marginal deterrence and its practical applicability
Essay specific features
August 7, 2013
No of pages / words:
8 / 2210
Rating of current essay:
Looking at figures of this type do not show the relevance of economic techniques, i.e. marginal deterrence, which was first introduced by Stigler in 1970. This paper has taken a comprehensive, but limited view on the relevance of economics and crime.
Economics can have controversial ideas, and this can be expressed in terms of crime...
displayed 300 characters
Order custom writing paper now!
- Your research paper is written
by certified writers
- Your requirements and targets are
- You are able to control the progress
of your writing assignment
- You get a chance to become an
Get a price guote
Economic theory would suggest that there is an ?optimal level of crime'. As Stigler (1970) argues, ?there is one decisive reason why society must forego ?complete' enforcement of the rule: enforcement is costly.' The extent of enforcement of laws depends upon the amount of resources devoted to the task...
displayed next 300 characters
General issues of this essay:
2 pages, 467 words
1 pages, 219 words
1 pages, 263 words
1 pages, 167 words
2 pages, 334 words
3 pages, 654 words
1 pages, 244 words