Economic Analysis and Efficiency in Policing, Criminal Justice and Crime Reduction

A key part of the evidence base for practitioners and policymakers includes the
costs of interventions and the returns yielded from incurring those costs.
However, to date crime reduction work economic analyses have been uncommon and
even when undertaken have been partial, technically weak and insufficiently
informed by economic theory. This book explains what economic analysis is, why
it is important, and forms it can take. Costs are important in all forms of
economic analysis although their collection tends to be partial and inadequate
in capturing key information. A practical guide to the collection is therefore
also provided. The book will be of great interest to students in economics and
advanced students in policing and crime reduction as well as to analysts and
decision makers in policing and crime reduction.