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Score one for economists' assumption that virtually everyone responds to incentives.
Posted by Craig on 05:51:00 AM in Economics
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And if they don't respond, they're not incentives.
April 03, 2014 at 07:18 AM
Fun, but incomplete article because it focuses on demand. What about supply? Why do thieves risk jail time to sell stolen soap and razors? Gary Becker showed how crime can make sense, economically, for people. That's what missing here. Either the risk of getting caught is negligible because the thief sells it within minutes of getting away, or thieves know the police don't bother with such small-value items. Or something like that.
Jack PQ |
April 03, 2014 at 04:19 PM
"Why Thieves Steal Soap"....Because they want to make a clean gettaway !!!!!!!! Bada...Bum..
April 04, 2014 at 11:45 AM
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