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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
Written by:
Nicole D
Date added:
August 7, 2013
Level:
Grade:
A
No of pages / words:
8 / 2210
Was viewed:
4550 times
Rating of current essay:
Essay content:
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...
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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...
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