Question

In: Economics

Given the idea of a “market for crime,” for each of the innovations listed below indicate...

Given the idea of a “market for crime,” for each of the innovations listed below indicate whether it shifts the victim response schedule or the offender response schedule, or both, and how it changes equilibrium crime and precautions:

a. Higher probability of arrest.

b. Cheaper, more effective burglar alarms.

c. More publicity about threats of crime or terrorism.

d. A reduction in moral scruples against community crime.

e. More dead-end streets and more confusing street patterns.

f. More potential criminals in the population.

Solutions

Expert Solution


a)

Variable shifted: offender response schedule decreases (as threat of being arrested increases)

Equilibrium crime rate: reduces

Precautions: Reduce

b)

Variable shifted: victim response schedule increases (as more precautionary stuff is easily available)

Equilibrium crime rate: reduces

Precautions: Increase

c)

Variable shifted: victim response schedule increases (as more precautions are taken now)

Equilibrium crime rate: Increases

Precautions: Increase

d)

Variable shifted: offender response schedule increases (as more crime start taking place)

Equilibrium crime rate: Increases

Precautions: Increases

e)

Variable shifted: offender response schedule increases, victim response schedule increases (as probability of more crime start taking place and people become more aware)

Equilibrium crime rate: increases

Precautions: Increase

f)

Variable shifted: offender response schedule increases, victim response schedule increases (as probability of more crime start taking place and people become more aware)

Equilibrium crime rate: Increases

Precautions: Increase

Rahul Sunny answered 1 year ago
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