Create an economic model of rational crime. For example, imagine a burglar is deciding which house to break into or a car thief is deciding which car…

Create an economic model of rational crime.

For example, imagine a burglar is deciding which house to break into or a car thief is deciding which car to steal.

  • Explain assumptions of rationality by individuals or firms.
  • What factors would a rational criminal take into account in deciding to commit a crime? Be sure to explain how economic models are used by economists to assess the example.
  • What would convince the criminal to do the deed? Explain the circumstances that would convince the criminal to do the deed. Address the concept of marginality and use your calculations of marginal changes as justification.
  • What are some policy implications of your economic model of rational crime? In other words, what does your model predict would cause an increase and a decrease in crime?
  • Use the distinction between positive and normative reasoning to explain the limits to using your economic model of rational crime to argue for capital punishment as punishment for burglary or car theft.

Join the Conversation

3 Comments

  1. 122807 949369Howdy! This is my first comment here so I just wanted to give a quick shout out and tell you I truly enjoy reading through your blog posts. Can you suggest any other blogs/websites/forums that cover the same topics? Thank you so much! 765651

Leave a comment

Your email address will not be published.