When you travel in Italy, at the train ticket kiosks, the first announcement is 'watch out for pickpockets' before the ticket selection. The police have hired you to shed light on this activity to figure out how to tackle it. Using your understanding of economics, design a market for the pickpocket activity similar to banking or manufacturing activities (fundamentals of economic thinking do not change from industry to industry). Intentionally, I refrain from offering further comments regarding how to understand this line of work, leaving it to your critical thinking on how to define, and label it, and discuss the role of price elasticities if you think they are relevant. The idea is to allow you to think critically and creatively and appreciate the power of economic thinking.