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Theories of crime in economics focus on the roles of deterrence and incapacitation in reducing criminal activity. In addition to deterrence, a growing body of empirical evidence has shown that both income support and employment subsidies can play a role in crime reduction. This paper extends the...
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reduces both moderate and extreme violence. The reason is that a high penalty keeps relatively 'gutless' individuals from … relatively 'tough' individuals to commit moderately violent acts and so makes moderate violence more attractive for otherwise …
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violence in turn increases the income of the protection providers. The result is a violence multiplier. Combining elements from … example, a decrease in the cost of violence increases violence more than pari passu and increases the value of being a … criminal. The violence multiplier also generates an incentive for the protection providers to welcome new partners into the …
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