Question
Taking refrence from the paper''Inferiority'' complex? Policing, private precautions and crime by Brishti guha 2013. paper download link: https://drive.google.com/file/d/1Ab6OICwGGqTfSpgIv8iPU_mSzyDGyG-u/view?usp=sharing Answer the folowing question Make a
Taking refrence from the paper"''Inferiority'' complex? Policing, private precautions
and crime" by Brishti guha 2013.
paper download link:
https://drive.google.com/file/d/1Ab6OICwGGqTfSpgIv8iPU_mSzyDGyG-u/view?usp=sharing
Answer the folowing question
Make a model in which (i) people use government-supplied policing, G, and private security spending as substitutes for crime fighting, and (ii) if W is a person's total yearly requirement of money, he can choose to keep only a fraction of this W with him. This will entail n = 1/ trips to the bank. Assume each trip to the bank gives him a constant disutility of d. After setting up the model, can you say something about the conditions under which a rise in G (i) reduces private security spending, and (ii) reduces ? (10 marks)
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