What policies might reduce crime by changing the fact

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Question: 1. Describe how statisticians might ideally separate the effect of the business cycle on the opportunity cost of crime and its profitability.

2. Assume that criminals discount risk and futurity more than other people. What policies might reduce crime by changing this fact?

3. Competition among sellers improves the quality of goods for consumers. Could this mechanism work for the private supply of prisons?

Reference no: EM131908828

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