=+g. Now consider the increased enforcement policy described in A(e). In particular, suppose that d is increased
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=+g. Now consider the increased enforcement policy described in A(e). In particular, suppose that d is increased to 0.6. How much can x0 increase in order for the expected consumption in a life of crime 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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