=+e. Now consider the increased deterrence policy described in A(d). In particular, suppose that the policy increases
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=+e. Now consider the increased deterrence policy described in A(d). In particular, suppose that the policy increases penalties to the point where x0 falls to 5. How much can d drop if the expected consumption level in a life of crime is to remain unchanged?
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Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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