Crime: Economic Incentives and Social NetworksIn recent years, the economic analysis of crime has helped increase our understanding of different influences on crime levels. Although economic factors may not cause crime, different economic circumstances can increase or decrease the likelihood that an individual who may feel inclined towards criminal behavior will commit a crime in practice. And incentives, including punishments, do affect crime rates. In a lucid style, accessible to the non-economist and economist alike, the author shows how new developments in economics can be applied to the analysis of criminal behavior and used to draw policy conclusions. These new models take into account and illustrate how individuals interact with each other in social networks. As a result, they lead the author to more realistic conclusions and more informed policy recommendations. |
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agents analysis approach areas Arthur Seldon behave burglary cent chart committing crime complex conventional economic counties crime rates criminal justice system criminology Daniel Kahneman David Henderson describe deterrence dramatically economic models economic theory economists effect England and Wales example factors Figure flows Gary Becker hard-core criminals Hobart Paper Home Office impact on crime important incentives matter increase infected influence ISBN Kahneman large numbers level of poverty levels of crime means Norman Barry number of crimes Occasional Paper particular Patrick Minford Paul Ormerod percentage Philip Booth potential criminals precisely property crime proportion of criminals reduce crime relationship relatively relevant population Research Monograph Roger Bate Scale-free networks small number social and economic social interaction social network social norms social science society solid line spread standard economic statistical studies susceptible to committing tion total number unemployment variables variations in crime virus young