COST OF DELINQUENCY - A PROBLEM OF OPTIMAL ALLOCATION OF PRIVATE AND PUBLIC EXPENDITURE

• NCJ Number: 27494
• Author(s): H TULKENS; A JACQUEMIN
• Date Published: 1971
• Length: 29 pages
• Corporate Author: Universite Catholique de Louvain
• Sale Source: National Institute of Justice/
• Language: English
• Country: Belgium
• Note: CORE (CENTER FOR OPERATIONS RESEARCH AND ECONOMETRICS) DISCUSSION PAPER

Annotation

THIS PAPER INVESTIGATES, USING ECONOMIC THEORY, THE CONDITIONS UNDER WHICH PRIVATE POLICE AND SECURITY SYSTEMS MATERIALIZE AND THE DEGREE TO WHICH IT INTERFERES WITH PUBLIC INITIATIVES IN THE SAME AREAS.

Abstract

ALSO EXAMINED IS THE SUBSTITUTABILITY OF PRIVATE AND PUBLIC PROTECTION, PREVENTION, AND CORRECTIONS EFFORTS. THE NOTION OF INTERNAL SECURITY IS ANALYZED WITHIN THE CONCEPTUAL FRAMEWORK OF PRIVATE VERSUS PUBLIC GOOD THEORY AND THE PUBLIC VERSUS PRIVATE NATURE OF PROTECTION, PREVENTION, AND CORRECTIONS IS DISCUSSED. A MODEL OF OPTIMAL CONSUMPTION OF PRIVATE PROTECTION SERVICES, INCLUDING THE EFFECT OF THE LATTER ON INSURANCE BEHAVIOR, IS ALSO PRESENTED. IN ADDITION, THE OPTIMAL COMBINATION OF PROTECTION (BOTH PUBLIC AND PRIVATE) AND SOCIAL PREVENTION IN THE ECONOMY IS EXAMINED. THE CONCLUDING REMARKS DISCUSS VARIOUS BY-PRODUCTS AND SHORTCOMINGS OF THIS ANALYSIS AND PRESENT SOME SUGGESTIONS FOR FURTHER RESEARCH. A LIST OF REFERENCES IS INCLUDED.