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An Introduction to Economic Analysis in Crime Prevention [electronic Resource]

Author: Cameron N. McIntosh

Publisher:

Published: 2012

Total Pages: 35

ISBN-13: 9781100201092

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Although evidence-based crime prevention has been identified as a priority in Canada's political and policy settings, very little is known about the economic efficiency of crime prevention programs in the Canadian context. This is an important issue given current fiscal constraints in this country and around the world. To that end, the objective of the following report is to provide an overview of two of the most widely-used economic approaches to assessing the costs and/or financial benefits of crime prevention programs. Cost-effectiveness analysis links program outcomes (e.g., crime reduction) to investment costs in order to estimate the per-outcome expense of a crime prevention project. Cost-benefit analysis takes this a step further and attaches monetary values to program outcomes, which are then compared to program costs in order to provide an estimate of the financial return on investment. Issues and challenges associated with each type of economic analysis approach are discussed, as well as recommendations for next steps.

Book Synopsis An Introduction to Economic Analysis in Crime Prevention [electronic Resource] by : Cameron N. McIntosh

Download or read book An Introduction to Economic Analysis in Crime Prevention [electronic Resource] written by Cameron N. McIntosh and published by . This book was released on 2012 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although evidence-based crime prevention has been identified as a priority in Canada's political and policy settings, very little is known about the economic efficiency of crime prevention programs in the Canadian context. This is an important issue given current fiscal constraints in this country and around the world. To that end, the objective of the following report is to provide an overview of two of the most widely-used economic approaches to assessing the costs and/or financial benefits of crime prevention programs. Cost-effectiveness analysis links program outcomes (e.g., crime reduction) to investment costs in order to estimate the per-outcome expense of a crime prevention project. Cost-benefit analysis takes this a step further and attaches monetary values to program outcomes, which are then compared to program costs in order to provide an estimate of the financial return on investment. Issues and challenges associated with each type of economic analysis approach are discussed, as well as recommendations for next steps.

An Economic Analysis of Crime and Crime Prevention

Author: Michael B. Zeddies

Publisher:

Published: 1977

Total Pages:

ISBN-13:

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Book Synopsis An Economic Analysis of Crime and Crime Prevention by : Michael B. Zeddies

Download or read book An Economic Analysis of Crime and Crime Prevention written by Michael B. Zeddies and published by . This book was released on 1977 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Hands-on Guide to Cost-benefit-analysis of Crime Prevention Efforts [electronic Resource]

Author:

Publisher:

Published: 2013

Total Pages: 41

ISBN-13:

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Book Synopsis Hands-on Guide to Cost-benefit-analysis of Crime Prevention Efforts [electronic Resource] by :

Download or read book Hands-on Guide to Cost-benefit-analysis of Crime Prevention Efforts [electronic Resource] written by and published by . This book was released on 2013 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Costs and Benefits of Preventing Crime

Author: Brandon Welsh

Publisher: Routledge

Published: 2018-03-08

Total Pages: 308

ISBN-13: 0429980892

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What are the cost savings from preventing a typical burglary, robbery, assault, or even a criminal career? Who benefits from these savings? How often do the benefits from preventing crime or criminal behavior exceed the resources spent on preventing or controlling crime? Is it more cost-effective to invest in early childhood programs or juvenile boot camps to reduce criminal offending? These are some of the important questions that face policymakers in crime and justice today. Answering them is no easy task. Nevertheless, it is important to provide answers in order to ensure that the dollars devoted to crime reduction are spent as efficiently as possible. The principle aim of Costs and Benefits of Preventing Crime is to report on and assess the present state of knowledge on the monetary costs and benefits of crime prevention programs. Remarkably, this crucial topic has rarely been studied up to the present time. This book examines key methodological issues, reports on the most up-to-date research findings, discusses international policy perspectives, and presents an agenda for future research and policy development on the economic analysis of crime prevention. Throughout, it addresses the important question of how governments should be allocating scarce resources to make crime prevention policy and practice more effective and to produce the greatest economic benefits to society. The book brings together research and perspectives from across North America, Europe, and Australia.

Book Synopsis Costs and Benefits of Preventing Crime by : Brandon Welsh

Download or read book Costs and Benefits of Preventing Crime written by Brandon Welsh and published by Routledge. This book was released on 2018-03-08 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: What are the cost savings from preventing a typical burglary, robbery, assault, or even a criminal career? Who benefits from these savings? How often do the benefits from preventing crime or criminal behavior exceed the resources spent on preventing or controlling crime? Is it more cost-effective to invest in early childhood programs or juvenile boot camps to reduce criminal offending? These are some of the important questions that face policymakers in crime and justice today. Answering them is no easy task. Nevertheless, it is important to provide answers in order to ensure that the dollars devoted to crime reduction are spent as efficiently as possible. The principle aim of Costs and Benefits of Preventing Crime is to report on and assess the present state of knowledge on the monetary costs and benefits of crime prevention programs. Remarkably, this crucial topic has rarely been studied up to the present time. This book examines key methodological issues, reports on the most up-to-date research findings, discusses international policy perspectives, and presents an agenda for future research and policy development on the economic analysis of crime prevention. Throughout, it addresses the important question of how governments should be allocating scarce resources to make crime prevention policy and practice more effective and to produce the greatest economic benefits to society. The book brings together research and perspectives from across North America, Europe, and Australia.

Lessons from the Economics of Crime

Author: Philip J. Cook

Publisher: MIT Press

Published: 2013-10-04

Total Pages: 251

ISBN-13: 0262314649

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Research from the United States, Europe, and South America demonstrates the usefulness of the tools of economic analysis for the study of crime. Economists who bring the tools of economic analysis to bear on the study of crime and crime prevention contribute to current debates a normative framework and sophisticated quantitative methods for evaluating policy, the idea of criminal behavior as rational choice, and the connection of individual choices to aggregate outcomes. The contributors to this volume draw on all three of these approaches in their investigations and discuss the policy implications of their findings. Reporting on research in the United States, Europe, and South America, the chapters discuss such topics as a cost-benefit analysis of additional police hiring, the testing of innovative policy interventions through field experiments, imprisonment and recidivism rates, incentives and disincentives for sports hooliganism (“hooliganomics”), data showing the influence of organized crime on the quality of local politicians, and the (scant) empirical evidence for the effect of immigration on crime. These contributions demonstrate the eclectic approach of economists studying crime as well as their increasing respect for the contributions of other social scientists in this area. Contributors Brian Bell, Paolo Buonanno, Philip J. Cook, John J. Donohue III, Jeffrey R. Kling, Jens Ludwig, Stephen Machin, Olivier Marie, Giovanni Mastrobuoni, Sendhil Mullainathan, Aurélie Ouss, Emily Greene Owens, Stefan Pichler, Paolo Pinotti, Mikael Priks, Daniel Römer, Rodrigo R. Soares, Igor Viveiros

Book Synopsis Lessons from the Economics of Crime by : Philip J. Cook

Download or read book Lessons from the Economics of Crime written by Philip J. Cook and published by MIT Press. This book was released on 2013-10-04 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research from the United States, Europe, and South America demonstrates the usefulness of the tools of economic analysis for the study of crime. Economists who bring the tools of economic analysis to bear on the study of crime and crime prevention contribute to current debates a normative framework and sophisticated quantitative methods for evaluating policy, the idea of criminal behavior as rational choice, and the connection of individual choices to aggregate outcomes. The contributors to this volume draw on all three of these approaches in their investigations and discuss the policy implications of their findings. Reporting on research in the United States, Europe, and South America, the chapters discuss such topics as a cost-benefit analysis of additional police hiring, the testing of innovative policy interventions through field experiments, imprisonment and recidivism rates, incentives and disincentives for sports hooliganism (“hooliganomics”), data showing the influence of organized crime on the quality of local politicians, and the (scant) empirical evidence for the effect of immigration on crime. These contributions demonstrate the eclectic approach of economists studying crime as well as their increasing respect for the contributions of other social scientists in this area. Contributors Brian Bell, Paolo Buonanno, Philip J. Cook, John J. Donohue III, Jeffrey R. Kling, Jens Ludwig, Stephen Machin, Olivier Marie, Giovanni Mastrobuoni, Sendhil Mullainathan, Aurélie Ouss, Emily Greene Owens, Stefan Pichler, Paolo Pinotti, Mikael Priks, Daniel Römer, Rodrigo R. Soares, Igor Viveiros

Economic Analysis and Infrastructure Investment

Author: Edward L. Glaeser

Publisher: University of Chicago Press

Published: 2021-11-11

Total Pages: 479

ISBN-13: 022680058X

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"Policy-makers often call for expanding public spending on infrastructure, which includes a broad range of investments from roads and bridges to digital networks that will expand access to high-speed broadband. Some point to near-term macro-economic benefits and job creation, others focus on long-term effects on productivity and economic growth. This volume explores the links between infrastructure spending and economic outcomes, as well as key economic issues in the funding and management of infrastructure projects. It draws together research studies that describe the short-run stimulus effects of infrastructure spending, develop new estimates of the stock of U.S. infrastructure capital, and explore the incentive aspects of public-private partnerships (PPPs). A salient issue is the treatment of risk in evaluating publicly-funded infrastructure projects and in connection with PPPs. The goal of the volume is to provide a reference for researchers seeking to expand research on infrastructure issues, and for policy-makers tasked with determining the appropriate level of infrastructure spending"--

Book Synopsis Economic Analysis and Infrastructure Investment by : Edward L. Glaeser

Download or read book Economic Analysis and Infrastructure Investment written by Edward L. Glaeser and published by University of Chicago Press. This book was released on 2021-11-11 with total page 479 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Policy-makers often call for expanding public spending on infrastructure, which includes a broad range of investments from roads and bridges to digital networks that will expand access to high-speed broadband. Some point to near-term macro-economic benefits and job creation, others focus on long-term effects on productivity and economic growth. This volume explores the links between infrastructure spending and economic outcomes, as well as key economic issues in the funding and management of infrastructure projects. It draws together research studies that describe the short-run stimulus effects of infrastructure spending, develop new estimates of the stock of U.S. infrastructure capital, and explore the incentive aspects of public-private partnerships (PPPs). A salient issue is the treatment of risk in evaluating publicly-funded infrastructure projects and in connection with PPPs. The goal of the volume is to provide a reference for researchers seeking to expand research on infrastructure issues, and for policy-makers tasked with determining the appropriate level of infrastructure spending"--

The Economics of Crime Control

Author: Llad Phillips

Publisher: SAGE Publications, Incorporated

Published: 1981-11

Total Pages: 320

ISBN-13:

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This book is about how public funds and human resources can be allocated to optimize the control of crime in a modern democratic society. The authors build a model of crime generation, and control - through the imposition of sanctions - that provides insight into alternatives for social policy-makers. Econometric techniques are used to analyze policy issues such as: establishing control policies; determining monetary measures of the seriousness of crime; discerning community priorities for fighting crime; choosing between alternative drug-control programs; and extracting useful information from crime data. These techniques are also used to determine: the effect of economic opportunities for youth on crime rates; the influence of rising crime rates on police effectiveness; the cost of police effectiveness; and the possibility for deterring violence. Additional issues examined are: the effect of handgun control on homicide rates; the relative merits of jail and probation; the rate of police manpower growth needed to keep pace with crime rates; and the necessary data needed for planning an optimum level of public safety. The analysis starts with single-equation estimations and builds to system and multi-equation models. The statistical results are based on several data sets with the earlier studies using time series from the 1950's and 1960's. The estimation of the more complex model is based on cross-sectional data from the 1960 and 1970 census for the counties of California.

Book Synopsis The Economics of Crime Control by : Llad Phillips

Download or read book The Economics of Crime Control written by Llad Phillips and published by SAGE Publications, Incorporated. This book was released on 1981-11 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is about how public funds and human resources can be allocated to optimize the control of crime in a modern democratic society. The authors build a model of crime generation, and control - through the imposition of sanctions - that provides insight into alternatives for social policy-makers. Econometric techniques are used to analyze policy issues such as: establishing control policies; determining monetary measures of the seriousness of crime; discerning community priorities for fighting crime; choosing between alternative drug-control programs; and extracting useful information from crime data. These techniques are also used to determine: the effect of economic opportunities for youth on crime rates; the influence of rising crime rates on police effectiveness; the cost of police effectiveness; and the possibility for deterring violence. Additional issues examined are: the effect of handgun control on homicide rates; the relative merits of jail and probation; the rate of police manpower growth needed to keep pace with crime rates; and the necessary data needed for planning an optimum level of public safety. The analysis starts with single-equation estimations and builds to system and multi-equation models. The statistical results are based on several data sets with the earlier studies using time series from the 1950's and 1960's. The estimation of the more complex model is based on cross-sectional data from the 1960 and 1970 census for the counties of California.

Law Enforcement Planning

Author: Jeffrey L. Sedgwick

Publisher: Praeger

Published: 1984-12-14

Total Pages: 260

ISBN-13:

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Is cost-benefit analysis the best means to determine and formulate public policies? To answer this question Jeffrey Leigh Sedgwick examines its application to crime and criminal justice and the implications of that application. In this interdisciplinary study, Sedgwick first assesses the value of applying economic models to the social problem of crime. He compares economic models to sociological ones and then addresses the question of whether economic models are compatible with the values of a liberal political order. He shows that cost-benefit analysis suffers from technical and ethical problems when used to set law enforcement goals. Current techniques for measuring the costs of crime are crude and unreliable, he argues, and overreliance on citizen and consumer preference may lead to the adoption of policies incompatible with American political traditions and respect for human rights. Sedgwick concludes that economic analysis cannot, by itself, lead to the adoption of effective and publicly defensible policies to combat crime.

Book Synopsis Law Enforcement Planning by : Jeffrey L. Sedgwick

Download or read book Law Enforcement Planning written by Jeffrey L. Sedgwick and published by Praeger. This book was released on 1984-12-14 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is cost-benefit analysis the best means to determine and formulate public policies? To answer this question Jeffrey Leigh Sedgwick examines its application to crime and criminal justice and the implications of that application. In this interdisciplinary study, Sedgwick first assesses the value of applying economic models to the social problem of crime. He compares economic models to sociological ones and then addresses the question of whether economic models are compatible with the values of a liberal political order. He shows that cost-benefit analysis suffers from technical and ethical problems when used to set law enforcement goals. Current techniques for measuring the costs of crime are crude and unreliable, he argues, and overreliance on citizen and consumer preference may lead to the adoption of policies incompatible with American political traditions and respect for human rights. Sedgwick concludes that economic analysis cannot, by itself, lead to the adoption of effective and publicly defensible policies to combat crime.

The Economics of Crime

Author: Harold Winter

Publisher: Routledge

Published: 2008-05-14

Total Pages: 142

ISBN-13: 1135982406

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Wide ranging and accessible, this is the most up-to-date textbook in this area, taking current economic research and making it accessible to undergraduates and other interested readers.

Book Synopsis The Economics of Crime by : Harold Winter

Download or read book The Economics of Crime written by Harold Winter and published by Routledge. This book was released on 2008-05-14 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: Wide ranging and accessible, this is the most up-to-date textbook in this area, taking current economic research and making it accessible to undergraduates and other interested readers.