Equilibrium between Individual and Government Policy on Crime: A Hypothesis

 

 

 

 

This model proposes, that increasing government expenditure on Development or on Deterrence will create employment of legal jobs in the market, where as it also reduces the returns on the illegal jobs hence people will leave those jobs. And according to this idea, any spending by government after achieving full employment will increase welfare in the economy. Where welfare is defined as quality of leisure time an individual can have.

ModelCurrently working on this idea, please provide your comments and suggestions, I sure they will be very much useful for me.

 

 

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